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El Salvador buys 410 Bitcoins post crypto crash, IMF warns it of the financial risks

Bitcoin has seen a massive price drop since its peak market value in November. While El Salvador is optimistic about its decision to bring it to use as an official currency, the International Monetary Fund warns the country of the "large risks" associated with the idea.

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El Salvador buys 410 Bitcoins post crypto crash, IMF warns it of the financial risks

Bitcoin has seen a massive price drop since its peak market value in November. While El Salvador is optimistic about its decision to bring it to use as an official currency, the International Monetary Fund warns the country of the "large risks" associated with the idea.

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El Salvador's Bitcoin move opens banks to risk of money laundering, other risks: Fitch

The bitcoin move, set to take effect on Sept. 7, "would increase financial institutions' regulatory, financial and operational risks, including the potential of violating international anti-money laundering and terrorist financing standards," said Fitch

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Bitcoin Risks Pointed out by SEC and CFTC

In a recent Investor Bulletin, the Securities and Exchange Commission and the Commodity Futures Trading Commission urge investors considering a fund with exposure to the Bitcoin futures market to weigh carefully the potential risks and benefits of the investment.

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