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IMF urges El salvador to strengthen Bitcoin oversight

  • The International Monetary Fund (IMF) has urged El Salvador to strengthen its oversight over Bitcoin (BTC) transactions in the country.
  • IMF spokesperson Julie Kozack suggested that El Salvador should limit its Bitcoin adoption and the public sector's exposure to it.
  • El Salvador's 2025 budget proposal, which aims to be debt-free, was acknowledged as a good step towards strengthening the nation's public finances.
  • As of press time, El Salvador holds 5,892 BTC, worth $362.42 million, and its adoption of Bitcoin domestically has fallen short of expectations.

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