IMF Says Addressing Bitcoin Risks Are Key In El Salvador Talks

The International Monetary Fund has recommended El Salvador narrow the scope of its Bitcoin law during talks on a potential lending program, IMF director of communications Julie Kozack said in a press conference in Washington DC 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,” Kozack said
• IMF’s ongoing discussions with El Salvador on a lending program “focus on policies to strengthen reforms that can be used to boost productivity and economic governance. Addressing risks arising from Bitcoin is a key element of ...