• 16 October, 2024
Market News

IMF Urges El Salvador to Limit Bitcoin (BTC) Exposure

The International Monetary Fund (IMF) has urged El Salvador to narrow its Bitcoin law and reduce public sector exposure to the cryptocurrency. The IMF is working with Salvadoran authorities on a program aimed at stabilizing the economy and mitigating risks tied to Bitcoin. The IMF also recommends strengthening the regulatory framework around Bitcoin to enhance transparency and address fiscal concerns.

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