IMF continues support talks with El Salvador, focuses on Bitcoin risks

The International Monetary Fund (IMF) is in discussions with El Salvador to support the country's medium-term growth and address fiscal challenges, including those associated with Bitcoin as legal tender. An IMF mission highlighted progress in policies aimed at strengthening public finances and enhancing bank reserve buffers. According to The Block, special attention is given to managing the risks of Bitcoin, with El Salvador holding approximately 5,750 BTC valued at about $328.6 million. The IMF emphasized the need for further efforts to improve transparency and mitigate fiscal and financial stability risks related to Bitcoin. Talks continue to secure an agreement that ensures long-term economic stability.