IMF says discussions with El Salvador are ongoing, bitcoin concern persists – Reuters

imf-says-discussions-with-el-salvador-are-ongoing,-bitcoin-concern-persists-–-reuters

NEW YORK, June 24 (Reuters) – The International Monetary Fund said on Thursday discussions between IMF staff and El Salvador are ongoing, while the Fund’s concerns regarding the Central American country’s move to adopt bitcoin as a legal tender remain.

“The discussions between our staff and the authorities in El Salvador on potential support from the IMF… are continuing,” said IMF spokesman Gerry Rice in a press conference, restating that the Fund sees macroeconomic, financial and legal issues with the bitcoin adoption that “require careful analysis.”

Reporting by Rodrigo Campos Editing by Chizu Nomiyama

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