IMF says bitcoin remains key element in El Salvador program talks
· CNA · JoinProgram talks between the International Monetary Fund and El Salvador focus on strengthening reforms, while addressing risks arising from the use of bitcoin remains a key element of the discussions, the IMF said on Thursday.
"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," IMF spokesperson Julie Kozack said in a scheduled press conference.
She added that El Salvador's 2025 budget proposal is a good step to strengthen public finances which needs strong implementation.
Sign up for our newsletters
Get our pick of top stories and thought-provoking articles in your inbox
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app