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News Explorer — IMF Wants More Transparency From El Salvador's Bitcoin Experiment, But Still Can't Point to Specific Risks

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Aug 7, 6:51 pm
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IMF Wants More Transparency From El Salvador's Bitcoin Experiment, But Still Can't Point to Specific Risks

The International Monetary Fund (IMF) has called for more transparency in El Salvador's Bitcoin experiment, stating that further efforts are needed to mitigate risks from the country's crypto policy. Despite the risks not yet materializing, the IMF emphasized the importance of enhancing transparency and addressing potential fiscal and financial stability risks. El Salvador's President Nayib Bukele has been a strong advocate for Bitcoin, making it legal tender in the country and purchasing a significant amount of the cryptocurrency using the nation's funds.

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