El Salvador

IMF Presses El Salvador To Scale Back Bitcoin Law For Fiscal Stability

The International Monetary Fund (IMF) said El Salvador should have eased the scope of its Bitcoin law, adding that the Central American country should steer a cautious path to the cryptocurrency in its economic arena. As the IMF and El Salvador discuss their economic strategies toward macroeconomic stability, the call is to pull back on Bitcoin. Focus on Regulatory Strengthening With recommendations in the cards, IMF Director of Communications Julie Kozack pointed to several during an Oct. 3 press conference. For example, laws like Bitcoin’s law may narrow their scope and enhance regulatory attention to the cryptocurrency ecosystem.  “And the