The International Monetary Fund (IMF) has reiterated its call for El Salvador to scale back its Bitcoin policy and overhaul the regulatory framework surrounding digital assets in a press release on Oct. 3. Without going into specific details of the proposed regulatory shift, Julie Kozack, director of the IMF’s Communications Department, provided the following statement: “We recommend narrowing the scope of Bitcoin laws, strengthening the regulatory framework and oversight of the Bitcoin ecosystem, and limiting public sector exposure to Bitcoin.” The IMF has been calling on El Salvador to abandon Bitcoin in favor of traditional financial infrastructure since it legalized Bitcoin as legal tender in 2021. (Cointelegraph)