Opinion
From Thailand to the Eastern Caribbean, the CBDC experience has been one of government waste. So why do financial authorities keep pushing them?
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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
The election of new Argentine President Javier Milei has given many in the local Bitcoin community cause for hope.
1591 - News
International Monetary Fund managing director Kristalina Georgieva urged the public sector to “keep preparing to deploy” central bank digital currencies.
3699 - News
IMF managing director Kristalina Georgieva says digitalization is “the most important way” to scale up financial inclusion.
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The Group of Twenty accepted the regulatory roadmap proposed in a joint Synthesis Paper of the International Monetary Fund and the Financial Stability Board.
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The first deputy governor at Banque de France calls central bank digital currency “the catalyst for improving cross-border payments.“
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The matrix aims to identify potential risks associated with the crypto space and policy responses for regulators.
2426 - News
The policy paper includes recommendations for regulating activities related to stablecoins and decentralized finance (DeFi) and was requested by the Indian presidency of the G20.
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The country emphasizes the necessity of dealing with the risks of digital assets in developing economies.
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Entering the crypto economy is not a good idea for a country with “capacity constraints” and no central bank, the IMF thinks.
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Income tax, property tax, VAT, corrective taxation — there is a tax goldmine out there for governments, but they will have to think hard about accessing it.
11219 - Overview
Explore the IMF’s objectives, governance structure and key functions in promoting global financial stability.
1788 - News
After proposing a single ledger CBDC payment system, the International Monetary Fund reported on the regulation and use of digital currencies in Latin America and the Caribbean.
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Like the IMF’s single-ledger proposal released a day earlier, BIS’ unified ledger uses familiar concepts, such as tokenization, without the blockchain.
3888 - News
The XC platform could operate domestically using tokenized assets, including deposits, with or without CBDCs.
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