The former head of People’s Bank of China, Zhou Xiaochuan has argued that Libra would be more readily trusted if it were in the hands of an entity like the IMF.
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.
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As the IMF says a fresh crisis looms, one Bitcoin analyst reminds the industry that fiat currencies trend to zero in just 27 years.
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The Central Bank of Brazil considers crypto assets in the trade balance, following part of the IMF’s guidelines.
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The IMF has published a blog post in which it outlines both potential benefits and risks associated with the adoption of new digital payment methods, including ...
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Nominee for ECB president Christine Lagarde says central banks and regulators should protect consumers but be open to innovation.
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by Helen Partz
IMF chief economist Gita Gopinath has called on global regulators to be vigilant and take the proper regulatory steps regarding Facebook’s Libra.
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The International Monetary Fund has argued that network effects could spark the blaze for the mass adoption of new digital money.
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by Helen Partz
The bitcoin price soared to as high as 394,000 Argentine pesos as major investors worry that a populist former president could return to a position of power.
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by Guest Author
An in-depth view into security tokens.
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As the IMF and the bosses of central banks gather to talk digital money, concerns of stability and institutional trust dominate the discussion.
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by Ana Berman
The IMF and the World Bank have launched a private blockchain and a quasi-coin to learn more about the technology.
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by Helen Partz
Circle CEO Jeremy Allaire reaffirmed his stance, “in crypto we trust,” opposing centralized intermediaries to cryptographic proof.
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