The International Monetary Fund (IMF) has urged El Salvador to review its Bitcoin policies and enhance its cryptocurrency regulations. In a press conference on October 6, Julie Kozack, the director of the IMF’s communications department, highlighted the collaborative efforts between IMF staff and Salvadoran officials.

Their goal is to complete a new program supported by the IMF, which aims to stabilize the country’s economy, make necessary adjustments, and promote growth-focused reforms.

However, the IMF’s recommendation reflects ongoing concerns about the risks associated with Bitcoin as a legal tender. If the country acts on this advice, it could lead to a more stable economic environment, attracting foreign investment and fostering sustainable growth.#BTCReboundsAfterFOMC #NeiroOnBinance #BitwiseFilesXRPETF