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
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
Turner Wright
2021-07-26T22:44:59+01:00
15185
News
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
Marie Huillet
2021-07-09T12:23:39+01:00
5851
Experts Answer
Here’s what crypto and blockchain experts think about Salvadoran President Nayib Bukele’s announcement that Bitcoin is now legal tender....
What is really behind El Salvador’s ‘Bitcoin Law’? Experts answer
Max Yakubowski
2021-07-02T16:15:00+01:00
News
The Monetary Authority of Singapore is seeking new retail CBDC solutions with a new global challenge offering cash prizes and expert digital currency mentorship...
Singapore’s central bank offers cash prizes for digital currency ideas
Helen Partz
2021-06-28T16:00:00+01:00
4881
Opinion
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
Marc Powers
2021-06-22T15:57:55+01:00
6576
News
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
Osato Avan-Nomayo
2021-06-11T16:30:00+01:00
18836
News
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
Osato Avan-Nomayo
2021-06-11T11:47:39+01:00
10701
News
The International Monetary Fund has previously spoken out against smaller nations like the Marshall Islands recognizing a digital currency as legal tender.
IMF plans to meet with El Salvador’s president, potentially discussing move to adopt Bitcoin
Turner Wright
2021-06-10T22:00:00+01:00
54511

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