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IMF is once again putting pressure on El Salvador to scale back its Bitcoin policy and strengthen the digital asset's regulatory framework. Since El Salvador adopted BTC as legal currency in 2021, the IMF has been insisting that the country return to traditional financial infrastructure.
- The IMF suggests limiting public sector exposure to Bitcoin.
- In 2023, the IMF helped Andorra monitor BTC transactions.
- It also promotes CBDCs globally with its REDI framework.
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