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.
Stone Ridge follows MicroStrategy in going big on BTC as a report puts the indirect cost of Coronavirus at $16 trillion.
Bitcoin price steady as $10B asset manager scoops up 10,000 BTC
China might lead the charge into the digital economy, but will being the first major economy to launch a CBDC be enough to win global reserve currency status?
Geopolitical fallout of central bank digital currencies
According to an educational video from the International Monetary Fund, cryptocurrencies could be ‘the next step in the evolution of money.’
‘So Many Things Wrong’ With IMF Education Video, Says Crypto Twitter
Crypto has turned from an inevitable future to our happening present, and stablecoins may become the industry’s cornerstone.
Driven by Financial Institutions, Stablecoin Acceptance Turns a Corner
Crypto pundits believe that central bank digital currencies based on public-private partnerships could see the light of day much sooner, as many solutions under...
CBDCs With a Twist: The Public-Private Solutions Needed for Adoption
Advantages and challenges in the usage of blockchain in digital services provided by governments: Overview with a close look at Brazil.
Blockchain as One of the Goals of Digital Government Strategy in Brazil
A stabilised digital coin could be used as a tool to help mitigate the effects of hyperinflation on individuals' asset value.
Basket Currency Could Be an Answer to Hyperinflation, Says Founder of Saga