The post IMF Urges El Salvador to Tighten Bitcoin Regulations Amid Ongoing Concerns appeared first on Coinpedia Fintech News
The International Monetary Fund (IMF) has once again urged El Salvador to strengthen its regulatory framework for Bitcoin and limit public sector exposure. Since El Salvador adopted Bitcoin as legal tender in 2021, the IMF has repeatedly voiced concerns. IMF spokesperson Julie Kozack reiterated the call during a press conference, highlighting the need for enhanced transparency and fiscal stability. Despite this, El Salvador continues to hold 5,892 BTC, valued at approximately $345 million, with President Nayib Bukele defending the decision as a “net positive” for the country.
