International Monetary Fund's latest developments on El Salvador and Bitcoin

🔸 The International Monetary Fund (IMF) confirmed that discussions with El Salvador regarding Bitcoin are still ongoing.

🔸 Due to increased confidence, rising remittances, and strong investment growth, El Salvador's economic growth is better than expected.

🔸 GDP is expected to reach around 4% this year, and the outlook for next year remains optimistic.

🔸 The government continues to control the budget and reduce the deficit.

🔸 The International Monetary Fund emphasizes that Bitcoin regulation needs to be transparent, protect public funds, and reduce risks.

The International Monetary Fund's view on Bitcoin has changed

🔸 In 2021, the International Monetary Fund warned that using Bitcoin as legal tender in El Salvador would pose significant risks.

🔸 Recently, the International Monetary Fund acknowledged that Bitcoin is used as a necessary financial tool in countries with high inflation or strict capital controls.

🔸 The International Monetary Fund does not endorse Bitcoin but recognizes that the growth of digital assets is very rapid and cannot be ignored.

🔸 Starting in 2025, the International Monetary Fund will classify Bitcoin as an asset similar to gold, rather than as legal tender in national statistical data.