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.
FTX’s collapse is one of the reasons why countries in the region should adopt regulation, noted the monetary fund.
IMF calls for tighter crypto regulation in Africa as the industry unfolds
Is the multilateral lending institution throttling useful DLT experiments in the developing world, or is it saving crypto from itself?
Does the IMF have a vendetta against cryptocurrencies?
Last week regulators worried about the "de-integration" of financial sector and global energy consumption — all because of crypto.
Law Decoded, Sept. 5–12: The pressure is growing in the US
The prototype infrastructure for Norway’s central bank digital currency is based on Ethereum, the Norges Bank officially stated.
Norwegian central bank uses Ethereum to build national digital currency
Some of the biggest flaws preventing present-day cryptocurrencies from mainstream adoption, pointed out by the BIS execs, are bottleneck congestion in DeFi and ...
Crypto’s adaptability, openness key to ideal monetary system, say BIS execs
New data shows a 10-fold increase in the return correlations between Bitcoin and stocks in some regions.
Correlation growing between crypto and equity markets in Asia, says IMF
Enforcers around the world are demonstrating their interest to the industry's largest players.
Coinbase, Binance and Kraken under scrutiny: Law Decoded, July 25–August 1