Search
El Salvador grants Bitget license for Bitcoin services
16.12.2024
El Salvador has authorized Bitget to provide Bitcoin services in the country. The exchange is now seeking further approval to support more tokens
Ukraine set to legalize crypto by 2025 under strict regulations
12.12.2024
Ukraine plans to legalize cryptocurrencies by early 2025, applying standard taxation rules without offering tax incentives
El Salvador to Change Bitcoin Law as Part of New IMF Deal: FT
9.12.2024
Salvadoran merchants reportedly will no longer be compelled to accept bitcoin as a means of payment anymore
El Salvador plans Bitcoin policy changes to secure $1.3B IMF loan — FT
9.12.2024
El Salvador reportedly expects to reach an agreement with the IMF on a $1.3 billion loan deal in return for changes in its Bitcoin Law
Central Bank of Brazil Highlights Tokenization Potential Before IMF and World Bank
26.10.2024
The Central Bank of Brazil propped up tokenization and “open finance” as key elements of the future’s financial system. In a panel presentation before the IMF and the World Bank, the bank’s president stated that the intersection between these had been underestimated. Central...
Iran Declares UN and IMF Ineffective, Advocates for BRICS-Driven World Order
25.10.2024
Iran’s president slammed the UN Security Council and International Monetary Fund (IMF) at the BRICS summit, accusing them of losing effectiveness due to Western interference. He called for BRICS nations to reduce reliance on Western financial systems and push for a new global order. The president...
‘Battle against inflation is almost won’ says IMF chief economist
23.10.2024
The IMF says inflation should return to normal by the end of next year but warned of slowing growth and increasing economic inequality.
Is G20 Losing Relevance? BRICS’ Rise Signals Shift in Global Power
23.10.2024
The rapid rise of BRICS is challenging the relevance of the G20 as a global platform, with BRICS nations now surpassing the G7 in economic output. As BRICS gains influence, discussions about reforms to major international organizations, including the IMF and UN, are intensifying. According to...
Can BRICS Dethrone World Bank and IMF? Why Cuba Is Betting on Its Growing Dominance
20.10.2024
BRICS is emerging as a potential alternative to the World Bank and International Monetary Fund (IMF), challenging the dominance of Western-led financial institutions, according to Cuba’s Permanent Representative to the United Nations. With major economies like China and Russia among its members...
BRICS Bank Offers Zimbabwe Escape From IMF Debt Traps, Says Professor
17.10.2024
A Zimbabwean professor has highlighted the BRICS New Development Bank (NDB) as a crucial alternative to the International Monetary Fund (IMF), offering better financial terms to developing nations. He emphasized the NDB’s role in helping countries like Zimbabwe escape debt cycles and discussed...
US Share of World Economy Projected to Reach Historic Low
13.10.2024
The U.S. share of the global economy has fallen below 15% during President Joe Biden’s term, according to Sputnik’s analysis of World Bank and International Monetary Fund (IMF) data. Once peaking at over 21% in 1999, the U.S. has seen a steady decline, with China now commanding a larger share...
India's Crypto Discussion Paper on Hold Due to Other Priorities
9.10.2024
India's planned discussion paper outlining its policy stance on cryptocurrencies has been held up due to other priorities, two people familiar with the matter told CoinDesk
IMF Urges El Salvador to Tighten Bitcoin Law and Strengthen Oversight
7.10.2024
The International Monetary Fund (IMF) has advised El Salvador to narrow the scope of its bitcoin law, strengthen regulation and oversight of the cryptocurrency, and limit public sector exposure. The IMF remains engaged with the country to support reforms and ensure bitcoin adoption does...
IMF Calls on El Salvador to Reconsider Bitcoin Regulations
4.10.2024
On October 3, the International Monetary Fund (IMF) once again pressured El Salvador to reconsider its Bitcoin policy…
JPMorgan: Gold and Bitcoin Surge as Debasement Trade Gains Momentum
4.10.2024
Global investment bank JPMorgan’s analysts have highlighted the growing impact of the “debasement trade” in boosting gold and bitcoin prices. Gold’s rise is linked to inflation, geopolitical instability, and waning trust in fiat currencies. Both institutional and retail...
IMF Urges El Salvador Again to Strengthen Regulatory Framework and Oversight of Bitcoin
3.10.2024
The IMF has been asking El Salvador for changes regarding its bitcoin law since its adoption in 2021
IMF pressures El Salvador to overhaul Bitcoin regulations
3.10.2024
According to the International Monetary Fund, El Salvador has a 3% annual GDP growth rate and roughly $144 million in outstanding loans
IMF staff propose REDI framework to catalyze CBDC adoption
22.9.2024
IMF staff members introduced a high-level four stage framework, emphasizing regulation, education, design, and incentives to enhance CBDC adoption
El Salvador President Nayib Bukele to Present Debt-Free Budget for 2025
16.9.2024
Bukele spoke during the commemoration of 203 years of El Salvador independence
Bukele States Bitcoin Was an Effective Rebranding Tool for El Salvador
31.8.2024
President Nayib Bukele pondered how El Salvador adopted the bitcoin banner and evaluated how it has fared for the country so far. In a recent interview given to Time magazine, Bukele admits that while Bitcoin adoption has not grown as he expected, adopting bitcoin as a legal tender worked as...