IMF Continues to Urge El Salvador to Strengthen Regulatory Framework and Oversight of Bitcoin

This is not the primary time IMF has warned El Salvador. Most lately, in August, the IMF stated one thing comparable when it declared in a press release that “while many of the risks have not yet materialized, there is joint recognition that further efforts are needed to enhance transparency and mitigate potential fiscal and financial stability risks from the Bitcoin project.” At the moment, the IMF additionally stated that “additional discussions in this and other key areas remain necessary.”