News
The Central African Republic adopting crypto puts monetary stability in “peril,” according to a letter from the Governor of the Bank of Central African States.
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IMF News
The IMF or the International Monetary Fund is a specialized agency of the United Nations that is headquartered in Washington, D.C. The IMF is a large international organization which includes over 189 countries and 2500 of employees. The IMF’s meaning for countries is activity during short-term macroeconomic crisis, as it provides credit not only to underdeveloped countries, but all countries that are members of the IMF. In terms of cryptocurrency, the IMF has issued a report considering the benefits and drawback of using Bitcoin and other altcoins. The organization recommends creating a regulatory framework that will secure common users and will not prevent the innovative technology’s development. Besides that, in 2017 the IMF was considering the issue of making its own cryptocurrency as new currency for reserve.
- News
Some regulators were recently concerned about the alleged lack of consistent and transparent data on crypto markets.
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The Pacific island state, long keen to adopt blockchain technology, recognizes decentralized autonomous organizations.
8950 - News
“Policy unpredictability” and “adoption of Bitcoin as legal tender” are part of the reasons why the country has received a downgrade from Fitch.
5456 - Analysis
What if El Salvador's Bitcoin experiment succeeds? Is that what the IMF really fears?
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There is not enough Bitcoin for global millionaires if each of them wants to own one, Bukele said.
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According to the IMF's executive board, the use of Bitcoin as legal tender carried “large risks” related to financial stability, financial integrity and consumer protection.
6199 - Newsletter
Strong framing move by U.S. Representative Tom Emmer and a looming threat of another crypto ban in Asia: a digest of last week's top crypto policy stories is here.
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The credit rating agency believes El Salvador’s Bitcoin experiment has elevated the country’s risk profile and could limit its access to foreign debt markets.
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Crypto assets are no longer on the fringe of the financial system, which raises financial stability concerns, a new IMF research argues.
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Investors have grown weary of El Salvador’s dollar debts as the country further adopts Bitcoin. Meanwhile, the IMF has recommended that BTC not be used as legal tender.
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The country’s central bank chief does not see the recent Bitcoin adoption move hampering plans to secure an IMF loan.
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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.
4163 - Newsletter
Debt ceiling uncertainty erodes trust in the dollar, the DOJ announces the National Cryptocurrency Enforcement Team and the SEC investigates Circle.
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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.
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