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

ChainCatcher news, the International Monetary Fund (IMF) recommends that El Salvador narrow the scope of its Bitcoin law and strengthen regulatory oversight in ongoing negotiations regarding a potential loan program.

The organization expressed concerns about the potential risks associated with El Salvador's adoption of Bitcoin, which is a key issue in the negotiations for the country's new loan program aimed at creating a policy framework that helps enhance productivity and strengthen economic reforms.