El Salvador's Bitcoin adoption may jeopardize IMF negotiations: JPMorgan

Cointelegraph

Published Jun 11, 2021 11:30AM ET

Updated Jun 12, 2021 08:40AM ET

JPMorgan (NYSE:JPM) is the latest source to respond to El Salvador’s decision to adopt Bitcoin (BTC) as legal currency within the country.

In a client note tweeted by @DocumentingBTC, the United States banking giant stated that there was little economic benefit to El Salvador adopting BTC as a parallel legal tender to the U.S. dollar.

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