El Salvador residents in fresh protests against BTC imposition
Salvadorians have held their ground and rejected the imposition of BTC as legal tender, with fresh protests breaking out a week before Bitcoin Law takes effect.
Latest International Monetary Fund News
Making BTC national currency is a bad idea, IMF warns
There’s a need for digital payments across the globe, but adopting a decentralized digital currency is a shortcut that any country must not be tempted to take, the IMF stated.
World Bank denies support to El Salvador for making BTC legal tender
A spokesperson for the World Bank reportedly said there are too many ‘shortcomings’ in BTC for this to be something they would be willing to assist with in implementation.
IMF: Marshall Islands digital currency could undermine monetary stability
The measures that RMI took to combat COVID-19 could adversely impact the economy, and issuing Sovereign legal tender would raise risks to monetary stability of Marshall Islands.
IMF: CBDCs give more control, but don’t solve every problem
While the technology may deliver benefits for policymakers, there were many crises CBDCs could not fix, according to the International Monetary Fund.
The CoinGeek Pulse: Episode 10
The International Monetary Fund has been discussing digital money this week, dubbing it “special currency.”
IMF: Digital currencies might be next evolution of money
The International Monetary Fund is exploring what digital currency is and the potential benefits it could provide.
IMF exec floats idea of exploring ‘synthetic’ CBDCs
Synthetic central bank digital currencies could offer the best combination for central banks exploring digital currencies.
Philippine central bank urged to start collecting crypto exchange data
The International Monetary Fund has told the central bank of the Philippines to begin collecting data from local crypto exchange users.
IMF wants Georgia to reform its accounting of crypto industry
The International Monetary Fund has reportedly suggested that Georgia include the income from cryptocurrency-related activities in their annual foreign trade balance reports.
IMF: Regular money could soon be replaced by digital currencies
The IMF report said traditional money would face “tough competition and could even be surpassed” by cryptocurrencies.
Is Christine Lagarde ready to propose global crypto regulation?
Christine Lagarde is now the president of the European Central Bank (ECB) and this could prove to be extremely beneficial for crypto.