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Gate Square New & Returning Creator Rewards are ongoing!
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International Monetary Fund Updates on El Salvador and Bitcoin
🔸 The International Monetary Fund (IMF) confirms that discussions regarding Bitcoin with El Salvador are ongoing.
🔸 El Salvador's economy is growing better than expected thanks to increased confidence, high remittances, and strong investment.
🔸 This year's GDP is forecasted to be around 4%, with a positive outlook for next year.
🔸 The government continues to control the budget and reduce deficits.
🔸 The IMF emphasizes that Bitcoin management needs transparency, protection of public funds, and risk reduction.
IMF's Changing Stance on Bitcoin
🔸 In 2021, the IMF warned that Bitcoin posed significant risks when used as legal tender in El Salvador.
🔸 Recently, the IMF acknowledged that Bitcoin is being used as a necessary financial tool in countries with high inflation or strict capital controls.
🔸 The IMF does not support Bitcoin but recognizes that digital assets are developing rapidly and cannot be ignored.
🔸 From 2025 onwards, the IMF classifies Bitcoin as an asset similar to gold in national statistics, not as legal tender.
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