The International Monetary Fund urges El Salvador to narrow the legal scope of Bitcoin in loan negotiations

The International Monetary Fund (IMF) recommends that El Salvador narrow the scope of its Bitcoin laws and strengthen regulatory oversight in ongoing negotiations regarding potential loan programs. The organization expressed concerns about the potential risks associated with El Salvador's adoption of Bitcoin, which is a key issue in negotiations for the country's new loan plan aimed at creating a policy framework that helps improve productivity and strengthen economic reforms.