IMF pressures El Salvador to overhaul Bitcoin regulations

Julie Kozack, director of the IMF’s communications department, did not specify the exact details behind the proposed regulatory shift but instead provided this statement:

"What we have recommended is a narrowing of the scope of the Bitcoin Law, strengthening the regulatory framework and oversight of the Bitcoin ecosystem, and limiting public sector exposure to Bitcoin."

IMF openly hostile to Bitcoin and crypto
The IMF’s hostility toward Bitcoin is no secret. As fiat currencies continue to devalue globally, individuals and, to a lesser extent, nation-states are slowly turning away from the debt-based fiat standard toward the sound monetary principles inherent in Bitcoin.

IMF pushes central bank digital currencies
While the IMF continues to oppose Bitcoin and non-state-controlled cryptocurrencies, it is simultaneously pushing for central bank digital currencies (CBDC) globally.