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International Business Times
International Business Times
Business
Marvie Basilan

IMF Discusses Bitcoin Risks in El Salvador Funding Talks

International Monetary Fund Bitcoin El Salvador Julie Kozack Nayib Bukele Saylor
A sign promoting bitcoin transactions is seen in the beach town of El Zonte in El Salvador. (Credit: AFP)

KEY POINTS

  • The IMF previously warned El Salvador of Bitcoin-related risks but the country has stuck to its strategy
  • It also discouraged plans for further exposure of government funds to the digital coin
  • The fund acknowledged El Salvador's growth and confirmed a funded program is possible, but the Bitcoin debate remains

The International Monetary Fund (IMF) is in talks with El Salvador for a potential "IMF supported program," but the United Nations' financial agency wants to address risks related to Bitcoin first, the fund's Communications Department said Thursday.

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