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IMF reiterates more oversight for crypto in latest report on financial stability
12.10.2021
The group identified the crypto space at risk from hacking, “lack of transparency around issuance and distribution” of tokens, and operational risks including outages during periods of extreme volatility
IMF Warns of Higher Inflation, But Central Banks Shouldn’t Tighten Yet
12.10.2021
said today. According to their new report, central banks around the world should “generally look through” the currently elevated inflation numbers, and not tighten monetary policy “until there is more clarity on the underlying price dynamics.”The recommendation from the organ
Law Decoded: Putting your Bitcoin where your mouth is, Oct. 4–11
11.10.2021
Debt ceiling uncertainty erodes trust in the dollar, DOJ announcements the National crypto enforcement team, SEC investigates Circle
IMF Head Says Central Bank Digital Currencies Are Reliable, Hard to Think of Bitcoin as Money
6.10.2021
Digital currencies backed by central banks are the most reliable form of digital money, according to IMF managing director Kristalina Georgieva. At the same time, to think of cryptocurrencies such as bitcoin as money is difficult, believes the chief executive of the international financial...
IMF managing director: 110 countries are 'at some stage' of CBDC development
5.10.2021
Kristalina Georgieva said that stablecoins "fill the digital gap in privately issued money," but labeled Bitcoin and other cryptocurrencies as assets rather than a form of money
IMF: Issue CBDCs, Improve Cross-border Payments to Counter Crypto’s ‘Phenomenal Growth’
4.10.2021
a dedicated chapter, and suggested that economic leaders fight back against crypto – by issuing their own central bank digital currencies (CBDCs).In an accompanying blog post, the IMF
IMF recommends CBDC and global crypto standards for financial stability
3.10.2021
The fresh policies recommended by the IMF aim to curb down the financial risks associated with global crypto adoption
IMF Warns Crypto Boom Poses New Financial Stability Challenges, Urges Regulators to Step Up
3.10.2021
The International Monetary Fund (IMF) warns that the rising popularity of cryptocurrencies poses new challenges to financial stability. “Cryptoization can reduce the ability of central banks to effectively implement monetary policy. It could also create financial stability risks.”...
El Salvador's credit rating could take hit amid Bitcoin adoption warns S&P Global
17.9.2021
S&P Global believes El Salvador’s recognition of Bitcoin as legal tender has brought “immediate negative implications” for its credit rating
Roxe hires ex-IMF economist to lead Bitcoin-backed CBDC project
8.9.2021
Central bank digital currencies are the next frontier for blockchain. Roxe wants to make BTC hashrate the anchor for future CBDCs
First Day of Bitcoin as Legal Tender: El Salvador Buys the Dip, Country’s BTC Stash Grows
8.9.2021
Bitcoin is now legal tender in El Salvador, and the country’s bitcoin stash has grown to 550 coins. The Salvadoran government started buying the cryptocurrency Monday ahead of the Bitcoin Law taking effect. On Tuesday, President Nayib Bukele said El Salvador bought the dip. El Salvador Buys...
Bitcoin Legal Tender in 7 Days: El Salvador Publishes Video Explaining What to Expect
31.8.2021
Bitcoin will become legal tender in El Salvador alongside the U.S. dollar in seven days. The Salvadoran government has released a video explaining what to expect when the Bitcoin Law enters into force. The video features the government’s fee-free crypto wallet, Chivo. Government’s...
IMF: Bitcoin Is Privately Issued Crypto With Substantial Risks, Inadvisable as Legal Tender
30.8.2021
The International Monetary Fund (IMF) says that crypto assets, like bitcoin, are privately issued with substantial risks, and “Making them equivalent to a national currency is an inadvisable shortcut.” The crypto community disagrees. IMF Claims Bitcoin Is Privately Issued Crypto With...
Nixon’s Decision to Delink the Dollar From Gold Still Hounds the IMF and Africa
22.8.2021
US President Richard Nixon’s decision to end the US promise to convert dollars into gold changed the global financial system. Getty Images
Danny Bradlow, SARCHI Professor of International Development Law and African Economic Relations, University of Pretoria.
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Five decades ago this month,...
Regulators Must Make Sea Change on Crypto, and IMF Is Ready To Engage
30.7.2021
An influential economic thinker has urged Western governments to “stop dismissing the crypto revolution as some mix of illicit payments schemes and reckless financial speculation” – while a new paper from the IMF suggested that nations pick up the pace with their digital money development. The...
IMF intends to 'ramp up' digital currency monitoring
29.7.2021
The fund will greatly expand to cover all aspects of digital currency while also working with related financial institutions
IMF Warns Against Adopting Crypto Assets Like Bitcoin as Legal Tender
28.7.2021
The International Monetary Fund (IMF) has warned against adopting cryptocurrencies, like bitcoin, as legal tender. Noting numerous risks and costs involved, the IMF does not see crypto assets catching on as a national currency. IMF Warns of Risks in Adopting Cryptocurrencies as National Currency...
IMF Says Making Bitcoin a National Currency is an 'Inadvisable Shortcut'
27.7.2021
As El Salvador is preparing to make bitcoin (BTC) legal tender this September, the International Monetary Fund (IMF) issued another warning, stressing that this move "is an inadvisable shortcut."
While governments need to "step up" to provide the benefits offered by...
IMF issues veiled warning against El Salvador’s Bitcoin law
26.7.2021
Making any cryptocurrency a national currency “is an inadvisable shortcut” to more inclusive financial services, according to two IMF officials
IMF, World Bank, BIS Recommend Countries Work Together on CBDCs to Enhance Cross-Border Payments
18.7.2021
The International Monetary Fund (IMF), the World Bank, and the Bank of International Settlement (BIS) have conducted an extensive study of using central bank digital currencies (CBDCs) for cross-border payments. Their report to the G20 states that enhanced cross-border payments “can...