IMF spokesperson Kozak has reaffirmed that Bitcoin usage in El Salvador, where it is recognized as legal tender, remains entirely voluntary. This clarification addresses concerns about mandatory adoption within the country.
Kozak also commented on the U.S. economic outlook, noting a cooling labor market alongside inflation rates that, while higher than anticipated, are gradually aligning with the Federal Reserve’s 2% target. Given the uncertainty, he emphasized that the Federal Reserve should adjust its rate-cutting pace and magnitude based on future economic data.
