<ul><li>The International Monetary Fund (IMF) has recommended that El Salvador reduce the scope of its Bitcoin law and limit the public’s exposure to Bitcoin.</li><li>IMF spokesperson Julie Kozack stated that the IMF recommends narrowing the scope of the Bitcoin law, strengthening the regulatory framework, and limiting public sector exposure to Bitcoin.</li><li>The IMF has been advising El Salvador since November 2021 to narrow the scope of the Bitcoin law and strengthen regulation and supervision of the new payment system.</li><li>Despite the IMF's recommendations, El Salvador remains committed to its mission of seeing Bitcoin rise in the country and aims to make crypto more appealing to its citizens.</li></ul>

IMF recommends El Salvador to limit the public’s exposure to Bitcoin

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