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International Monetary Fund Urges El Salvador to Revise Bitcoin Regulations

International Monetary Fund Urges El Salvador to Revise Bitcoin Regulations

The International Monetary Fund has called on El Salvador to implement significant changes to its Bitcoin regulations. As the nation navigates the complexities of cryptocurrency, it faces an annual GDP growth rate of 3% and has approximately $144 million in outstanding loans, highlighting the urgent need for regulatory clarity in the financial landscape.