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 IMF has forecast economic growth to slow from 6.1% last year to 3.2% in 2022, which some believe will have negative consequences for crypto.
IMF global outlook suggests dark clouds ahead for crypto
Bitcoin can still rise to seven figures within five years, PlanB claims, calling for investors to ignore short-term "noise."
IMF recession warning sees Bitcoin dip under $21K amid fresh $1M BTC price forecast
In addition to eco-friendly components, the IMF recommended central banks include other features in their CBDCs, such as compliance, higher resilience and offli...
IMF recommends eco-friendly CBDCs and non-PoW mechanisms for payments
“One of the reasons it is so successful is because it's simple,” he added while comparing the Unified Payments Interface’s (UPI) growth with blockchain technolo...
CBDCs can “kill” private crypto: India’s RBI deputy governor to IMF
The Central African Republic adopting crypto puts monetary stability in “peril,” according to a letter from the Governor of the Bank of Central African States.
Quelle surprise: Central African banks scold the CAR for Bitcoin adoption
Some regulators were recently concerned about the alleged lack of consistent and transparent data on crypto markets.
Cambridge University launches crypto research project with IMF and BIS
The Pacific island state, long keen to adopt blockchain technology, recognizes decentralized autonomous organizations.
Marshall Islands officially recognizes DAOs as legal entities