IMF Recommends El Salvador Narrow Bitcoin Law Scope

According to PANews, the International Monetary Fund (IMF) has advised El Salvador to narrow the scope of its Bitcoin law and enhance regulatory oversight amid ongoing discussions about a potential loan program. The IMF has expressed concerns about the risks associated with El Salvador's adoption of Bitcoin, which has become a significant topic in the new loan program negotiations. The aim of these discussions is to establish a policy framework that will help boost productivity and strengthen economic reforms.