IMF recommends El Salvador narrow bitcoin laws and tighten regulation

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MarsBit
10-06
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According to Mars Finance, the International Monetary Fund (IMF) has recommended that El Salvador narrow the scope of its Bitcoin laws and strengthen regulatory oversight during ongoing negotiations on a potential loan program.

The group expressed concerns about the potential risks posed by the adoption of Bitcoin in El Salvador, a key topic in the country’s negotiations over a new loan program aimed at creating a policy framework that will help boost productivity and strengthen economic reforms.

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