IMF Urges El Salvador To Reform Bitcoin Policies

According to Foresight News, the International Monetary Fund (IMF) has once again called on El Salvador to scale back its Bitcoin policies and thoroughly reform the regulatory framework surrounding the digital asset. Julie Kozack, Director of the IMF Communications Department, emphasized the need for the Salvadoran government to narrow the scope of its Bitcoin law, strengthen the regulatory framework, and enhance oversight of the Bitcoin ecosystem. Additionally, Kozack highlighted the importance of limiting the public sector's exposure to Bitcoin.