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Private Firms Can Boost Central Bank Digital Currencies, IMF Official Says
26.5.2020
Synthetic CBDCs could let the private sector manage digital currencies backed by central banks, says the IMF's Tommaso Mancini-Griffoli
IMF Predicts Banks Will Struggle at Least 5 More Years After Global Economy Recovers
26.5.2020
The International Monetary Fund (IMF) has predicted that banks will struggle to generate profits at least five years after the global economy recovers from the coronavirus-led economic crisis. The IMF explained that banks were struggling even before the covid-19 pandemic so their troubles...
Blockchain as One of the Goals of Digital Government Strategy in Brazil
17.5.2020
Digital transformation with blockchain technology on a state level
Basket Currency Could Be the Answer to Hyperinflation, Says Founder of Saga
17.5.2020
Hyperinflation is inevitable and a basket currency together with Bitcoin might be the remedy, says founder of Saga
OKEx Executive: Digital Currency as a Basis of Post-Crisis World Order
7.5.2020
The world will not be the same after the COVID-19 pandemic with the necessity for the brand new global monetary system based on crypto
Lebanese Currency Collapse: Failed Policies Led to Economic Meltdown
4.5.2020
Lebanon is facing an unprecedented economic crisis and the local currency has already lost about 60% of its value. The central bank’s policies have come under fire while citizens are protesting how the government handles the economic meltdown which led to people’s living situation...
Libra Has a Flawed Crisis Model, Says Ex-IMF Economist
28.4.2020
Libra's revised whitepaper resembles clearinghouse certificates that the U.S. used to prevent bank runs before the Federal Reserve was created, a former IMF economist says
IMF Predicts Worst Global Crisis Since Great Depression, Costing $9 Trillion
16.4.2020
The International Monetary Fund (IMF) said the world’s current economic crisis is the worst downturn since the Great Depression, and no country is spared. The IMF estimates that the cumulative loss to global GDP from the pandemic could be around 9 trillion dollars. Also read: IMF Declares...
G20 Considers 10 Rules for Regulation of Stablecoins Like Facebook Libra
15.4.2020
The G20 is setting rules to regulate stablecoins such as Facebook’s Libra cryptocurrency. Responding to a call by the G20, the Financial Stability Board (FSB) has provided 10 “high-level” recommendations that establish a regulatory framework for stablecoins. Also read:...
Bitcoin at Risk as IMF Warns of Worst Downturn in 90 years
15.4.2020
The IMF’s prediction of deepening economic recession appears to bode poorly for Bitcoin amid record correlation with the S&P 500
‘The Great Lockdown’: IMF Confirms Global Recession
14.4.2020
IMF: “The Great Lockdown is the worst economic downturn since the Great Depression, and far worse than the Global Financial Crisis [of 2008].”
ECB Expects Worse Recession in Europe Than Global Economy
14.4.2020
The European Central Bank (ECB) expects the European economy to suffer a more severe recession than the global economy. Countries across the euro area will experience “a deep recession,” which entails unprecedented funding needs of more than €1 trillion ($1.1 trillion), explained...
JPMorgan, Bank of America, Deutsche Bank Predict Major Recession
11.4.2020
Big banks are predicting a major recession, the deepest one in the post-war era. JPMorgan Chase CEO Jamie Dimon said his bank cannot be immune to the resulting financial stress while Bank of America expects the U.S. economy to “collapse” and Deutsche Bank has forecasted a severe global...
IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed
30.3.2020
The International Monetary Fund (IMF) has declared that we have entered a global recession — one that is as bad as or worse than the previous global financial crisis. 80 countries have already requested emergency assistance from the IMF. Meanwhile, the G20 has reported fiscal measures...
IMF Weighs the Pros and Cons of a Central Bank Digital Currency
22.3.2020
Tao Zhang, an IMF leader, details the pros and cons of a central bank digital currency, as well as a hybrid solution
Redefining ‘Safe Haven’: Predicting the 2020 Future by Learning From the 2012 Past
17.3.2020
What similarities exist in the market between 2012 and 2020, and how will the past help us to be ready for the future?
Central Bank Officials: DLT Can Improve the Global Financial System
8.3.2020
An IMF official is concerned that central banks may be rushing to develop blockchain systems without properly vetting the technology first
India Is Fostering a Solarized Digital Future
4.3.2020
India is moving toward renewable energy production backed with the digital technologies
Ukraine is Pushing to Become a Leader in the Global Crypto Landscape
28.2.2020
Ukrainian government’s recent manifesto led many experts to believe that the industry is all set to boom in the near future
G20 Kicks Off 2020 Discussion on Cryptocurrencies — Urges Countries to Apply FATF Standards
24.2.2020
The G20 finance ministers and central bank governors had their first 2020 meeting this weekend in Saudi Arabia. They discussed cryptocurrencies and stablecoins, and issued a statement urging countries to implement the cryptocurrency standards set by the Financial Action Task Force. They were also...