News
FTX’s collapse is one of the reasons why countries in the region should adopt regulation, noted the monetary fund.
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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.
- Analysis
Is the multilateral lending institution throttling useful DLT experiments in the developing world, or is it saving crypto from itself?
4073 - Newsletter
Last week regulators worried about the "de-integration" of financial sector and global energy consumption — all because of crypto.
1218 - News
The prototype infrastructure for Norway’s central bank digital currency is based on Ethereum, the Norges Bank officially stated.
19116 - News
Some of the biggest flaws preventing present-day cryptocurrencies from mainstream adoption, pointed out by the BIS execs, are bottleneck congestion in DeFi and the reliance on volatile assets.
4545 - News
New data shows a 10-fold increase in the return correlations between Bitcoin and stocks in some regions.
2362 - Newsletter
Enforcers around the world are demonstrating their interest to the industry's largest players.
9272 - News
IMF Director Tobias Adrian believes uncollateralized and algorithmically-stabilized stablecoins pose too great a threat to holders and may experience further sell-offs.
2666 - News
The IMF has forecast economic growth to slow from 6.1% last year to 3.2% in 2022, which some believe will have negative consequences for crypto.
5367 - Market Update
Bitcoin can still rise to seven figures within five years, PlanB claims, calling for investors to ignore short-term "noise."
15236 - News
In addition to eco-friendly components, the IMF recommended central banks include other features in their CBDCs, such as compliance, higher resilience and offline capabilities.
4513 - News
“One of the reasons it is so successful is because it's simple,” he added while comparing the Unified Payments Interface’s (UPI) growth with blockchain technology.
6036 - 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.
3848 - News
Some regulators were recently concerned about the alleged lack of consistent and transparent data on crypto markets.
4131 - News
The Pacific island state, long keen to adopt blockchain technology, recognizes decentralized autonomous organizations.
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