đ„IMF is concerned about Bitcoin adoption in El Salvador đ
The International Monetary Fund (#FMI ) again makes a recommendation to #ElSalvador for the country to limit its exposure to #Bitcoin! and strengthen oversight of the regulatory framework.
Today the IMF has taken a more moderate stance, however, it continues to insist that the Central American country must impose stricter regulations with Bitcoin to guarantee the country's economic stability. In addition, Julie Kozac of the IMF recommends that El Salvador should also âlimit public sector exposure to Bitcoin.â
These comments did not go unnoticed, as some analysts pointed out that the country is doing well, and as proof of this are the GDP data, increasing more than 10% since the adoption of Bitcoin, surpassing other countries in the region.
Meanwhile, El Salvador continues to buy Bitcoin with its #DCA (Dollar Cost Average) strategy. As of today, the government of El Salvador owns 5,893 BTC, according to @Arkham Intelligence.
Do you think El Salvador should follow the IMF's recommendations?
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