IMF says discussions ongoing with El Salvador to mitigate Bitcoin risks

The International Monetary Fund (IMF) announced in a recent statement that it is working toward an agreement with El Salvador to reduce the financial risks and increase the transparency of the country's Bitcoin adoption. The IMF added that discussions are focused on strengthening transparency and protecting public interests in relation to El Salvador's BTC projects. Negotiations for the sale of the government-owned Chivo wallet project are reportedly progressing, alongside policy consultations to mitigate risks associated with these initiatives. El Salvador has been purchasing one BTC daily since Nov. 18, 2022, and currently holds 7,509 BTC.