- Kanye West did add a little remark after his remark that said, "Ask me later," which could indicate that he hasn't completely closed the door on the NFT realm.
- The El Salvador finance minister stated that countries are autonomous states that make their own public policy decisions, so no foreign organization will compel them to do anything.
Kanye opposes NFT
Non-fungible tokens have evolved as an exciting niche in which many superstars, musicians, and athletes have dipped their toes during the year 2021. Eminem, who just debuted his digital collection and recently bought a Bored Ape NFT for $462,000, Quentin Tarantino, who auctioned seven "secret NFTs" from his film "Pulp Fiction," and many others are among those who have done so.
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However, Kanye West, a well-known rapper and one of the most prominent musicians, is not a fan of the Bitcoin sector. He encouraged his supporters to quit asking him to "perform NFTs" in an Instagram post. He stated that he is dedicated to creating things for the "actual world," rather than the digital one:
Related Post: Tesla Founder, Elon Musk, blasts Twitter for including NFT features
West did add a little remark after his remark that said, "Ask me later," which could indicate that he hasn't completely closed the door on the NFT realm.
The American recently stated that he is preparing for his next album, "Donda 2," which will be released on February 22. For the time being, it appears that crypto collectors seeking to purchase an NFT edition of the record will be disappointed.
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El Salvador rejects IMF suggestion on BTC
El Salvador's government has rejected the International Monetary Fund's (IMF) recommendation to make bitcoin illegal.
Last Monday, the IMF recommended El Salvador stop using bitcoin as legal cash and disband Fidebitcoin, a $150 million trust fund set up to implement the Bitcoin law.
Related Post: El Salvador's downgraded sovereign debt is unimportant to Bukele
Alejandro Zelaya, El Salvador's Finance Minister, reportedly told a tv channel that bitcoin is a "sovereignty" issue. According to news reports, He stated “, "angrily,"
"No foreign organization will be able to compel us to do anything."
"Countries are autonomous states that make their own public policy decisions," the finance minister stated.
In a recent study on El Salvador, the IMF stated, "In the near term, the actual costs of adopting Chivo and implementing the Bitcoin law exceed prospective advantages."
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According to the International Monetary Fund, El Salvador's government should start charging fees for using its digital wallet, Chivo. The IMF also wants the Salvadoran government to cease giving out $30 in bitcoin to everybody who signs up for the Chivo wallet.
