Tag: imf

Sep 21 2022

IMF: Crypto Should Have a ‘Global Regulatory Framework’

Sep 21 2022 Published at Coinscreed under tags  crypto framework imf news

The IMF warned on Tuesday that the longer it takes international regulators to come up with a plan for regulating crypto, the more likely it is that regulation will be done on a piecemeal, national level. The International Monetary Fund (IMF) has asked financial regulators from all over the world to work together to create […] The post IMF:...

Sep 13 2022

Mike McGlone Pronounces Bitcoin A Wild Card That Will Outperform Stocks

Sep 13 2022 Published at Bitcoinist.com under tags  bitcoin btcusdt imf mike mcglone

Despite the ongoing bear market and bitcoin price decline, some analyst still retains their confidence in Bitcoin. The Bloomberg Analyst Mike McGlone is one of them. He took to Twitter on Wednesday to express his thoughts about the most popular cryptocurrency. The analyst strongly believes that Bitcoin will bounce back from the bear market. McGlone posted his thoughts on the recent Bitcoin price...

Sep 06 2022

Will El Salvador’s Bitcoin Bet Pay Off?

The country has gone long on Bitcoin adoption as it attempts to overcome the monetary reigns of the IMF and United States.This is an opinion editorial by Kudzai Kutukwa, a passionate financial inclusion advocate who was recognized by Fast Company magazine as one of South Africa’s top-20 young entrepreneurs under 30.The United Fruit Company (AKA El Pulpo which means “the octopus”)...

Sep 03 2022

IMF Report: There Are 97 CBDCs As Of July 2022

The International Monetary Fund (IMF), like several other international financial organizations, is giving the necessary attention to the Blockchain industry and the concept of digital assets. The...

Aug 22 2022

IMF warns about crypto-Asian equities market linkage

Aug 22 2022 Published at Coinscreed under tags  asia crypto imf news

According to the IMF, the further integration of crypto and the Asian equity markets could endanger the stability of financial systems. It makes reference to the possibility of increasing spillover between the two markets as a result of the growing volatility correlation between Bitcoin and stock. The International Monetary Fund (IMF) issued a thorough blog […] The post...

Aug 12 2022

UNCTAD Wants To Curb Crypto Adoption In Developing Countries. Of Course They Do

The United Nations’ UNCTAD wants developing economies to do as they say, not as they do. In a shocking document, the United Nations Conference on Trade and Development tries to convince the poorer countries to keep out of crypto. Arguably, the best technology to help them grow financially. In classic gaslighting fashion, the UNCTAD downplays the benefits, highlights the risks, and tries to...

Jul 27 2022

Stablecoins Backed by “Risky Assets,” IMF Exec Warns

Jul 27 2022 Published at Crypto Briefing under tags  imf news

Tobias Adrian, Director of Monetary and Capital Markets for the International Money Fund (IMF), has warned that some stablecoins could fail if they are backed by risky assets. IMF Exec...

Breaking: IMF Sees Stablecoins Can Lead To Another “Crypto Winter”

Jul 27 2022 Published at Coingape under tags  imf news stablecoin news stablecoin risk

The crypto market is reeling under pressure as a result of contagion due to the Terra-LUNA crash in May and liquidity crisis in June, with the U.S. interest rate hike adding more pressure to the "crypto winter". Now, the International Monetary Fund believes the crypto market could see another sell- off and crypto failures, including stablecoins....

Bitcoin Breaches Past $21,000 After IMF Clarifies Crypto Doesn’t Threaten Financial System

Bitcoin investors heaved a sigh of relief on Wednesday as the popular crypto abruptly reversed course and surpassed the $21,000 threshold as Asian trading hours began, Wednesday. Since the International Monetary Fund reduced its global growth outlook for this year and 2023, BTC fell below the $21,000 barrier overnight, Forkas reported on Wednesday. In its worldwide projection, the IMF cautioned that global economies...

Jul 20 2022

Morgan Stanley Gives A Buy Call on El Salvador Bonds Despite Their Worst Performance

El Salvador's big Bitcoin bet hasn't played in its favor so far. The Latin American country started buying BTC last year when it was trading around its all-time high. However, with BTC crashing more than 70% since November, it has worsened the debt woes for the country. But banking giant Morgan Stanley has a buy...

Jul 17 2022

Central African Republic Greenlights Bitcoin As Reserve Asset

Bitcoin is set to enjoy adoption in the Central African Republic as a reserve asset.

Jun 09 2022

IMF Suggests CBDCs To Include Compliance And User-Friendly Payment Features

Jun 09 2022 Published at Bitcoinist.com under tags  bioe cbdc imf

International Monetary Fund (IMF) took a broad step in recommending creating a payment system with eco-friendly practices. It undertook a study on energy consumption based on the consensus mechanisms of different cryptocurrencies in the ecosystem. The high energy consumption from cryptocurrencies using Proof- of-Work (PoW) consensus mechanism is no longer a hidden fact. Moreover, the mechanism poses high environmental threats due to the emission...

May 31 2022

India Is Working With IMF On The Crypto Regulation Paper

May 31 2022 Published at Bitcoinist.com under tags  crypto news imf india world bank

The Indian Government reportedly will decide and finalise the crypto consultation paper. This consultation paper will comprise inputs from other stakeholders and institutions such as The World Bank and The International Monetary Fund. This will then be sent to...

May 26 2022

IMF Boss Begs Investors Not To Shun Crypto Despite Market Crash

May 26 2022 Published at Bitcoinist.com under tags  bitcoin crypto crypto news imf imf chief

The head of the International Monetary Fund (IMF) stated at the World Economic Forum in Davos that despite the recent failure of a popular stablecoin, people should not avoid cryptocurrencies entirely. Kristalina Georgieva feels that the cryptocurrency market plays a key role in the global financial system because of the fact that it offers faster service at cheaper costs and is more inclusive....

May 25 2022

As Crypto Corrects, What's Next for El Salvador's Bitcoin Gamble?

Bitcoin witnessed a boom in retail and institutional adoption during 2021. Among notable adopters, El Salvador became the most prominent one after the country announced the acceptance of Bitcoin as...

May 20 2022

El Salvador Faces No Easy Exit From Worsening Crisis Amid Crypto Crash

A central American country, El Salvador, has been buying Bitcoin since September. However, the country’s big bet on crypto has collapsed in recent weeks because the cryptocurrency washed out roughly a third of the value of the government’s assets. El Salvador is the first country to adopt bitcoin as a legal tender. They also plan to create a crypto mining hub using power...

May 13 2022

El Salvador’s over $100 million Bitcoin purchase is now worth $66 million

El Salvador’s Bitcoin (BTC) investment is performing poorly, with the value of the more than 2,000 units it holds falling by about $40 million. The decline in value results from Bitcoin...

May 07 2022

Argentina To Shut Down Crypto Activities To Attain $45 Billion Loan, Says IMF

The South American country Argentina’s central bank released a statement on Thursday saying that the country's financial sector is not allowed to provide services related to digital assets that are not...

May 06 2022

Amid IMF Pressure, Argentina Bans Crypto Sales Through Banks

May 06 2022 Published at Crypto Briefing under tags  argentina imf news

The Central Bank of the Argentine Republic (BCRA) has banned financial institutions from offering unregulated digital assets services. The move comes roughly a month after the International Monetary Fund approved...

IMF Warns Central African Republic On The Potential Risks Of Bitcoin Adoption

The IMF maintains that the adoption of Bitcoin in the Central African Republic poses legal and economic challenges not only to the country but also to the region. According to the International Monetary Fund (IMF), the Central African Republic's recent decision to adopt Bitcoin poses several challenges for the country and the region. The global […]

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