IMF wants the Central African Republic to retract its Bitcoin adoption decision
The International Monetary Fund or IMF is reportedly worrying about the Central African Republic's decision to legalize cryptocurrencies and adopt Bitcoin as a legal tender.
IMF sees severe risks to the country's economic integrity
As per a recent report by Bloomberg, the officials from IMF argued that incorporating blockchain-powered digital assets on such a large scale can potentially harm the country's financial system. Furthermore, the international regulator believes that using Bitcoin as a payment mechanism in the country could cause serious problems.As per the officials, the use of Bitcoin as legal tender in the nation poses major legal, transparency, and economic policy issues. On the other hand, the Central African Republic, which is tagged as one of the poorest locations in the world, aims to accelerate the nation's plan for "economic recovery and peacebuilding on track."
To soften the impacts of decades of war and years of financial instability, two CAR MPs created the bill to legalize Bitcoin and other types of cryptocurrencies. Gourna Zacko, the Minister of Digital Economy and Telecommunications, and Calixte Nganongo, the Minister of Finance, pushed the policy through the country's National Assembly.
Notably, the IMF is assisting regional and Central African Republic authorities in dealing with the concerns posed by the new regulation.
IMF's past comments on El Salvador
After El Salvador, the Central African Republic became the second country to embrace Bitcoin as legal cash, prompting the IMF to issue such statements for the second time. When El Salvador adopted Bitcoin as a legal tender in September 2021 and President Nayib Bukele released pivotal policy, the IMF suggested the country retract and withdraw its decision.The international financial regulator cited similar concerns regarding the lack of economic integrity, transparency, and stability at the time.
Continue reading by joining Cryptonary Pro
$997/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
3X Value Guarantee
If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the 3X Value Guarantee work?
We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.
Recommended from Cryptonary
