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
Bitcoin OG opens 5x ETH short position worth $15.04 million
Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish

The Crypto Fear Index rises to 28, escaping the "Extreme Fear" zone
Analyst: The current macro environment is similar to the pandemic period, and bitcoin still has room to rise