International Monetary Fund leader, Tao Zhang, discussed the positives and negatives of a central bank digital currency.
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
- News
by Samuel Haig
At MIT Bitcoin Expo 2020, monetary experts debate what form a central bank digital currency may take.
- Expert Take
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- News
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- Opinion
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- News
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- Expert Take
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- News
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 ...
- News
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