Bitcoin adoption won’t affect IMF talks, says El Salvador’s top central banker
The country’s central bank chief does not see the recent Bitcoin adoption move hampering plans to secure an IMF loan.
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Economics Professor Warns ‘Cryptocurrencies May Contribute to Monetary and Financial Instability’
Cornell University’s professor of economics and former head of the IMF’s China division, Eswar Prasad, has warned that “Cryptocurrencies may contribute to monetary and financial instability.” He added that the…
US Inflation Expectations Highest Since 2013, Gas Prices Skyrocket, Supply Chains Buckle
Americans are still concerned about dealing with inflation, as the cost of goods and services has continued to rise significantly in a short period of time. The Federal Reserve has…
IMF reiterates more oversight for crypto in latest report on financial stability
The group identified the crypto space at risk from hacking, “lack of transparency around issuance and distribution” of tokens, and operational risks including outages during periods of extreme volatility.
Law Decoded: Putting your Bitcoin where your mouth is, Oct. 4–11
Debt ceiling uncertainty erodes trust in the dollar, the DOJ announces the National Cryptocurrency Enforcement Team and the SEC investigates Circle.
IMF Head Says Central Bank Digital Currencies Are Reliable, Hard to Think of Bitcoin as Money
Digital currencies backed by central banks are the most reliable form of digital money, according to IMF managing director Kristalina Georgieva. At the same time, to think of cryptocurrencies such…
IMF managing director: 110 countries are ‘at some stage’ of CBDC development
Kristalina Georgieva said that stablecoins "fill the digital gap in privately issued money," but labeled Bitcoin and other cryptocurrencies as assets rather than a form of money.
IMF recommends CBDC and global crypto standards for financial stability
The fresh policies recommended by the IMF aim to curb down the financial risks associated with global crypto adoption.
IMF Warns Crypto Boom Poses New Financial Stability Challenges, Urges Regulators to Step Up
The International Monetary Fund (IMF) warns that the rising popularity of cryptocurrencies poses new challenges to financial stability. “Cryptoization can reduce the ability of central banks to effectively implement monetary…
Roxe hires ex-IMF economist to lead Bitcoin-backed CBDC project
Central bank digital currencies are the next frontier for blockchain. Roxe wants to make BTC hashrate the anchor for future CBDCs.