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El Salvador has significantly reduced public participation in its Chivo e-wallet as part of changes to the government’s involvement in Bitcoin, according to the International Monetary Fund. The IMF said…
President Nayib Bukele denied claims that El Salvador was ceding control of its strategic bitcoin reserve to a private operator, calling these allegations “totally false.” Bukele stressed that only Chivo…
After the second and third reviews of a $1.4 billion ongoing extended fund facility, the IMF reported that it had reviewed documentation linking El Salvador’s bitcoin purchases to private donations.…
El Salvador added another bitcoin to its national reserve this week, pushing its stash to 7,762 BTC even as the International Monetary Fund (IMF) continues urging the government to stop…
The U.S. national debt is set to cross $40 trillion, a mark it was expected to surpass only after Labor Day. The milestone has come faster than any previous trillion-dollar…
In its most recent Financial System Stability Assessment report, the IMF acknowledged the massive scale of the Brazilian cryptocurrency market, with cross-border crypto flows surpassing traditional alternatives. The report calls…
Leading central banks, financial institutions, and blockchain firms contributed to the Global Layer One (GL1) white paper on programmable compliance, which outlines a compliance architecture for tokenized financial assets and…
El Salvador has bought more bitcoin for its Strategic Bitcoin Reserve, extending a daily buying habit that has lifted the national stack above 7,600 BTC worth more than $510 million.…
With AI-to-AI commerce expected to increase the velocity of money, central banks may find themselves unable to react to machine-speed inflation or flash crashes. Experts suggest that regulation must be…
The International Monetary Fund (IMF) has warned that although the adoption of tokenized finance brings many efficiency and speed benefits, some of its features could also result in financial instability…