IMF Urges El Salvador to Narrow Bitcoin Experiment

The International Monetary Fund (IMF) is still not pleased with El Salvador’s At a press conference Thursday, the body’s spokesperson Julie Kozack was quoted saying that the IMF had recommended “limiting public sector exposure to Bitcoin,” El Salvador “What we have recommended is a narrowing of the scope of the Bitcoin law, strengthening the regulatory framework and oversight of the Bitcoin ecosystem, and limiting public sector exposure to Bitcoin,” Kozack was quoted saying on Thursday. Neither the IMF nor a press person for the Salvadoran government immediately responded to The IMF But it The country’s leader President Nayib Bukele has always brushed off concerns institutions and politicians have had about the project—even President Bukele—who has been criticized by human rights organizations for being an autocrat but praised by libertarians and conservatives for making El Salvador safer—https://t.co/s1F5kwOBEn pic.twitter.com/LD0I2dBHha— Nayib Bukele (@nayibbukele) January 26, 2022The Bitcoin law requires businesses in the tiny Central American country to accept the asset if they have the technological means to do so. The government has also bought huge amounts of the digital currency, with President Bukele Back in 2021, Salvadorans