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.
Making any cryptocurrency a national currency “is an inadvisable shortcut” to more inclusive financial services, according to two IMF officials.
IMF issues veiled warning against El Salvador’s Bitcoin Law
A new report released by the triumvirate of global finance argues that central bank digital currencies will benefit worldwide development.
IMF, World Bank and BIS champion central bank digital currencies at G20
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The question is not whether Bitcoin will be the future of money; the question is how, where and when it will be the future of money.
Powers On... El Salvador is the unlikely leader for sovereign adoption of Bitcoin as national currency
JP Morgan says that El Salvador's decision to adopt Bitcoin as legal tender is of little economic benefit.
El Salvador's Bitcoin adoption may jeopardize IMF negotiations: JPMorgan
El Salvador’s move to make Bitcoin legal tender in the country continues to elicit reactions from legacy finance gatekeepers — this time, from the Bank for Inte...
El Salvador’s Bitcoin adoption an ‘interesting experiment,’ says BIS exec