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The International Monetary Fund has praised El Salvador for improving its economy — but scolded it at the same time for its ongoing Bitcoin experiment.
In a statement Friday, the IMF said that it had approved a $139 million disbursement to the Central American nation while also trying to “reduce the state’s involvement in Bitcoin-related activities.”
El Salvador in 2021 made Bitcoin legal tender, much to the ire of the IMF and other major institutions. The Latin American country was at the time negotiating a development loan with the agency.
The IMF in September said that El Salvador wasn’t buying bitcoin; the country’s Bitcoin Office has repeatedly…
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