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IMF Continues To Pressure El Salvador To Scale Back Its Bitcoin Experiment

  • The International Monetary Fund (IMF) is pressuring El Salvador to scale back its Bitcoin experiment.
  • IMF spokesperson Julie Kozack recommended El Salvador narrow down the scope of its Bitcoin legislation and strengthen regulatory oversight.
  • The IMF also suggested limiting the public sector's exposure to Bitcoin.
  • El Salvador's President Nayib Bukele remains optimistic about the Bitcoin experiment despite admitting that adoption has fallen short of expectations.

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