The International Monetary Fund pressures El Salvador to amend its Bitcoin regulatory provisions
At the press conference on October 3rd, the International Monetary Fund (IMF) once again called for El Salvador to scale back its Bitcoin policy and comprehensively reform the regulatory framework surrounding digital assets. Julie Kozack, Director of Communications at IMF, did not specify the exact details behind the proposed regulatory adjustments but provided the following statement: "What we suggest is to narrow down the scope of Bitcoin law, strengthen regulatory frameworks and supervision over Bitcoin ecosystem, and limit public sector exposure to Bitcoin."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Billionaire Mark Cuban: Still fond of DOGE, but every Memecoin is a brewing scam
The USDC Treasury has destroyed 50 million USDC on the Ethereum chain