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 world will not be the same after the COVID-19 pandemic with the necessity for the brand new global monetary system based on crypto.
OKEx Executive: Digital Currency as a Basis of Post-Crisis World Order
Amid record correlation between Bitcoin and the S&P 500, the IMF has predicted the worst global downturn in almost a century.
Bitcoin at Risk as IMF Warns of Worst Downturn in 90 years
International Monetary Fund leader, Tao Zhang, discussed the positives and negatives of a central bank digital currency.
IMF Weighs the Pros and Cons of a Central Bank Digital Currency
The upcoming Bitcoin halving remains a major topic within the industry. What can we learn from past experience to be ready for it?
Redefining ‘Safe Haven’: Predicting the 2020 Future by Learning From the 2012 Past
At MIT Bitcoin Expo 2020, monetary experts debate what form a central bank digital currency may take.
Central Bank Officials: DLT Can Improve the Global Financial System
How can emerging technologies help one of the world’s most populous countries and one of the largest energy consumers toward sustainable and renewable energy de...
India Is Fostering a Solarized Digital Future
With the e-hryvnia pilot testing successfully over, the Ukrainian government is making a concerted effort to engage in the crypto-adoption race.
CBDC Push Takes Ukraine Closer to Crypto Adoption