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.
The group identified the crypto space at risk from hacking, “lack of transparency around issuance and distribution” of tokens, and operational risks including o...
IMF reiterates more oversight for crypto in latest report on financial stability
Debt ceiling uncertainty erodes trust in the dollar, the DOJ announces the National Cryptocurrency Enforcement Team and the SEC investigates Circle.
Law Decoded: Putting your Bitcoin where your mouth is, Oct. 4–11
Kristalina Georgieva said that stablecoins "fill the digital gap in privately issued money," but labeled Bitcoin and other cryptocurrencies as assets rather tha...
IMF managing director: 110 countries are 'at some stage' of CBDC development
The new policies recommended by the IMF aim to curb down the financial risks associated with global crypto adoption.
IMF recommends CBDC and global crypto standards for financial stability
S&P Global believes El Salvador’s recognition of Bitcoin as legal tender has brought “immediate negative implications” for its credit rating.
El Salvador’s credit rating could take a hit amid Bitcoin adoption, warns S&P Global
Central bank digital currencies are the next frontier for blockchain. Roxe wants to make BTC hashrate the anchor for future CBDCs.
Roxe hires ex-IMF economist to lead Bitcoin hashrate-backed CBDC project
The G20, OECD and other international agencies are set to implement a multilateral approach to tax policy to achieve sustainability goals.
Inching closer to global agreement on taxing the sustainable digital economy