Tag: imf

Oct 13 2021

G20-Backed Think Tank Factors in Stablecoins and CBDCs in Solving Remittance Woes

Oct 13 2021 Published at Coingape under tags  altcoin news bitcoin news btcbusd btcdai btceur

The Financial Stability Board (FSB), a multinational Think Tank that provides policy recommendations to the G20 has highlighted the importance of stablecoins and Central Bank Digital Currencies (CBDCs) in the pursuit of a functional global remittance network. In its latest report, the body highlighted the challenges that surround cross-border payments which range from high transaction The post G20-Backed Think Tank Factors in Stablecoins...

Oct 06 2021

110 Countries Are Exploring CBDC At Some Stage, Says IMF Managing Director

Managing Director of the International Monetary Fund(IMF), Kristalina Georgieva, recently talked about digital currencies, including CBDC, in one of her recent speeches. The IMF MD gave this speech at the T20 Summit hosted by Bocconi University and Italian Institute for International Political Studies (ISPI) on Oct. 5. The submit included sessions with...

Oct 05 2021

Head of IMF Says It’s Difficult to Think in Cryptos as Money

Instead, Georgieva believes CBDCs could be the most reliable form of digital money.

Oct 02 2021

IMF Report: Crypto’s volatile nature could “pose financial stability challenges”

Oct 02 2021 Published at Coingape under tags  altcoin news bitcoin news btcbrl btcbusd btcdai

The latest Global Financial Stability Report by IMF highlighted the volatility factor in virtual currencies. While IMF stated that the crypto sphere opens pathways to several new opportunities including improved and affordable cross- border payments; it also alerted people that the digital currency assets pose financial stability challenges. “The rapid growth of the crypto ecosystem presents The post IMF Report: Crypto’s volatile nature could...

Aug 04 2021

IMF Issues New Warning Against Using Crypto Assets As National Currency

Aug 04 2021 Published at Bitcoin Magazine under tags  culture currency imf laws regulation

As Bitcoin gains momentum around the world, financial regulators step up their game to try and save the crumbling financial system.The International Monetary Fund (IMF) sent out a warning, telling us that using crypto assets as national currency would be “a step too far.” Personally, I think a step too far is the...

Jul 31 2021

Jul 30 2021

Aljazeera Vs. El Salvador’s Bitcoin Law: The Good, The Bad, And The Ugly

It’s time to turn our heads to the Arabic world. How does the Qatar-based international news station Aljazeera sees El Salvador’s Bitcoin Law? Are they as lost as western media or can they handle themselves in the cryptocurrency space? Well, their journalistic report is balanced and complete. Aljazeera gives you the good and the bad. They’re still confused about a few concepts, but...

Jul 12 2021

World Bank, IMF Advocate For CBDC Adoption At G20

Jul 12 2021 Published at Bitcoinist.com under tags  bis cbdc imf world bank

On Friday, the International Monetary Fund (IMF) and the World Bank argued for the cross-border benefits of central bank-issued digital currencies (CBDC), claiming that projects like the United States' digital dollar would aid global development. World Bank And IMF Support CBDC Together with the Bank for International Settlements (BIS), the two global organisations...

Jul 09 2021

Jun 17 2021

World Bank Turns Down El Salvador’s Request To Help Implement Bitcoin As Legal Tender

Jun 17 2021 Published at Bitcoinist.com under tags  bitcoin btc el salvador imf world bank

The world bank has revealed that it has refused to assist El Salvador with the implementation of Bitcoin as legal tender. World Bank Turn Down Request Salvadoran Finance Minister Alejandro Zelaya stated earlier on Wednesday that the Central American country had sought technical assistance from the Bank in order to use bitcoin as a parallel legal tender to the US dollar. On Wednesday,...

World Bank Denies Any Help to El Salvador for Bitcoin (BTC) Implementation

After the IMF raised concerns about El Salvador adopting Bitcoin...

Jun 11 2021

This Type of Token Has Increased 30-Fold YTD

Jun 11 2021 Published at Unchained Podcast under tags  bitcoin cpi crypto defi el salvador

June 11, 2021 / Unchained Daily / Laura Shin Daily Bits...

Jun 10 2021

IMF Raises Concern Over El Salvador’s Adoption of Bitcoin as Legal Tender

International Monetary Fund (IMF) has raised concerns over El Salvador's...

Jun 09 2021

El Salvador Passes the Bitcoin Law In Congress, President Nayib Bukele to Meet the IMF Soon

Latin American country El Salvador is scripting a new history today! El Salvador President Nayib Bukele recently announced that the Bitcoin Law has been officially passed in the Salvadoran Congress with a strong...

Jan 15 2021

IMF Survey Overwhelmingly Supports Bitcoin As “Money”

Jan 15 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin was created to be the first ever peer-to-peer electronic cash system, and in its wake, an entire industry of digital assets has since been created. Despite the cryptocurrency's longevity and staying power, there's still debate amongst policy makers, regulators, and even investors, if the asset class should be defined as "money." A recent survey conducted by the International Monetary Fund has...

Crypto Twitter: IMF’s Twitter Poll On Digital Currency Goes Viral, What’s so Special?

Jan 15 2021 Published at Coingape under tags  blockchain news btcbusd btcdai btcgbp btcpax

An interesting twitter poll titled, "Are Digital Currencies Real Money" regarding digital currencies posted by International Monetary Fund [IMF] has already received 75K votes and counting. Surprisingly, more than...

Nov 01 2020

ECB President Invites Public Views on Potential Digital Euro

Nov 01 2020 Published at Coingape under tags  cbdc christine lagarde digital euro ecb imf

The President of the European Central Bank [ECB] Christine Lagarde requested public views and opinions on a potential central bank digital currency [CBDC] for the eurozone. Describing 2020 as a...

Oct 21 2020

Oct 13 2020

Christine Lagarde: ECB is Looking “Very Seriously” at Creating a Digital Euro

The president of the European Central Bank (ECB), Christine Lagarde, said on Monday that they are looking “very seriously” at the creation of a digital euro. This comes […]

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