Community members believe that space will look back on this period when it achieved global decentralization.
The International Monetary Fund (IMF) recently took another anti-crypto action against crypto that became law. In response, members of the crypto community responded quickly by expressing their disagreement on Twitter.
The IMF’s Executive Committee recently approved a crypto asset policy framework that does not give crypto assets official currency or legal purchase status. Management endorsed the framework, emphasizing that it was a necessary step to protect currency stability.
In Showing Support for Bitcoin
To compare the situation with other technological advancements, various community members countered the IMF’s attempts to discredit crypto as legitimate.
According to one Twitter user, the IMF won’t be able to accept BTC just because it doesn’t want to compete. “End Central Bank Debt Slavery” will soon realize that bitcoin is the only way to do it.
One community member tried to poke fun at the issue. Likening the IMF’s attempts to crack down on crypto to a fax machine complaining about the rise of e-mail, they tweeted:
Meanwhile, Twitter user and Bitcoiner Carl B. Menger congratulated countries as independent from the IMF and able to “do their best for their citizens.” Another member of the crypto community believes this is another historic moment. For the community to look back on whether they succeeded in decentralizing the world.
RELATED: El Salvador’s ‘limited’ use of bitcoin bolsters predicted risk, says IMF
The International Monetary Fund has repeatedly opposed the legalization of crypto. On February 15, members of the crypto community also commented that the IMF is pressuring El Salvador to consider a new plan for Bitcoin. Some dismissed the news as “FUD,” while Others interpreted it as a strong signal for BTC.