El Salvador Statement From IMF Received



A spokesperson for the International Monetary Fund (IMF) made the statements before meeting with El Salvador’s president, Nayib Bukele.

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The El Salvador Congress approved the Bitcoin (BTC) law proposed by President Bukale. The country is also preparing the ground for promoting the use of Bitcoin. The President of El Salvador has also made it clear that he wants to attract crypto companies to the country.

In addition, according to Bukale’s statement, a meeting will be held with the IMF on the Bitcoin law.

IMF Spokesperson Gerry Rice told reporters:

“The legal use of Bitcoin raises a number of macroeconomic, financial and legal issues that require very careful analysis. We are following the developments closely and will continue our consultations with the authorities.”