In June, I wrote that El Salvador’s decision to adopt bitcoin (BTC, +1.57%) as legal tender was “the most significant single development in the history of cryptocurrency so far.” If anything, that was confirmed when the International Monetary Fund, a global development bank closely tied to the world’s richest countries, quickly declared that the move raised “a number of macroeconomic, financial and legal issues.” The statement amounted to a veiled threat, because El Salvador was in negotiations for a $1 billion loan from the IMF. But the IMF at the time didn’t provide any real detail about what “issues” it saw with ... (full story)