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Astro peng

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πŸ‡ΈπŸ‡» IMF urges El Salvador to limit Bitcoin experimentation, still saying Nayib Bukele's bet on Bitcoin is a bad idea.

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

The IMF had already warned in 2021 that El Salvador's decision to make Bitcoin legal in the country raised "a number of macroeconomic, financial and legal issues."
3 months ago

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