IMF to aid El Salvador’s Bitcoin statistics compilation

The International Monetary Fund is having regular talks with representatives of El Salvador’s government over several issues relating to bitcoin adoption in the country.

Gerry Rice, a spokesperson of the organization, has confirmed the talks.

Rice declared that the IMF staff and Salvadoran authorities “continue to hold regular conversations on the critical issues that were emphasized by our Executive Board in January of this year.”

The fund had disagreed with El Salvador’s Bitcoin adoption, warning that the decision made by approving the Bitcoin Law in the country might pose stability risks for the nation.

Yet, El Salvador has stayed its course, with president Nayib Bukele investing public funds and purchasing more than 2,300 BTC, and maintaining bitcoin as legal tender.

According to Rice, the purpose of the ongoing talks included tax, money laundering, and providing technical help to the government regarding bitcoin adoption statistics.

However, Rice did not specify in which ways it was providing help to quantify the use of bitcoin and crypto in the country.

According to local media, the country’s talks with the International Monetary Fund could contribute to closing a $1.3 billion deal to order its finances.