The IMF report said traditional money would face “tough competition and could even be surpassed” by cryptocurrencies.
Christine Lagarde is now the president of the European Central Bank (ECB) and this could prove to be extremely beneficial for crypto.
Afghanistan has been decimated by decades of conflict, and it is considering turning to cryptocurrency as perhaps its only resort to rebuild .
The IMF and World Bank are teaming up to make a new cryptocurrency to help organizations learn more about blockchain technology.
Christine Lagarde already sees the financial sector reacting to blockchain technology, but she hopes the industry can embrace stability.
Authorities in Malta are taking action after the International Monetary Fund (IMF) raised concerns that blockchain's ascent in Malta will be a significant risk to the Maltese financial system.
According to the IMF, the rise of the blockchain sectors in Malta isn’t wholly innocent, and could in fact pose “significant risks” to the country’s financial system.
The plan of Marshall Islands to introduce a new national currency have been welcome with considerable resistance by the international currency and there are now concerns that the country may have to scrub the plans.
The fourteenth installment in a weekly column, A Power of Facing examines the International Monetary Fund’s continual warnings about the power of cryptocurrency.
The International Monetary Fund (IMF) has cautioned against plans to issue cryptocurrency as a form of legal tender in the Republic of the Marshall Islands.
The IMF message is clear: Fiat banks and financial institutions need to open their eyes and deal with cryptocurrency.