5 / 6 Relevant items tagged with #IMF

Posts

Stablecoin Issuers, Conglomerates Targeted by IMF After Crypto's 'Rough Year'

[Apr 11, 2023 8:30 AM] FTX and collapses like Signature, Silvergate and Silicon Valley Bank show need for stronger consumer protection, governance norms, the International Monetary Fund said in its Global Financial Stability Report

Reports Claim Chivo Bitcoin Wallet Is Flagging Wasabi Transactions in El Salvador

[Apr 7, 2023 3:00 PM] According to several reports, the Salvadoran government-issued bitcoin wallet, Chivo, has been freezing wallets and requesting that owners verify the source of funds. The founder of El Zonte’s Bitcoin Beach stated that the…

Bitcoin derivatives favor further BTC price rally toward $30K

[Apr 7, 2023 2:30 PM] Bitcoin's price might have held near $28,000 but the absence of shorts using margin and futures markers is a bullish indicator.

China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says

[Apr 5, 2023 8:00 AM] An idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The prime minister believes there is no reason for his country, which is hurting from a strong U.S…

Malaysia enlists China to help end USD dependence for trade

[Apr 4, 2023 11:00 PM] More proposals and currency concepts are emerging as Asia ramps up its efforts to distance itself from U.S. dollar hegemony.

IMF examines CBDC design in context of Islamic banking, finds some risks magnified

[Mar 20, 2023 3:44 PM] A central bank digital currency’s liquidity and foreign exchange would work differently Islamic law from what might be expected.

Impact of the Silvergate collapse on crypto — Watch The Market Report live

[Mar 7, 2023 11:00 AM] On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the impact of the Silvergate collapse on crypto.

Is the IMF shutting the door prematurely on Bitcoin as legal tender?

[Mar 6, 2023 8:01 AM] Should the International Monetary Fund leave the door open for developing countries struggling with inflation? “Bitcoin was made for the Global South.”

Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report

[Mar 5, 2023 4:30 PM] Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold…

Derivatives data highlights crypto traders’ positive sentiment and belief in further upside

[Feb 28, 2023 1:06 PM] A 5.5% weekly decline in the total crypto market capitalization might have sucked the wind out of some altcoins, but it has done little to alter traders' bullish point-of-view.

Anti-CBDC bill in the US, no algo stablecoins for Canada: Law Decoded, Feb. 20–27

[Feb 27, 2023 1:30 PM] United States Representative Tom Emmer introduced legislation in the U.S. House of Representatives that could prevent the Federal Reserve from issuing a central bank digital currency.

IMF prefers to regulate crypto than banning it outright: Report

[Feb 26, 2023 10:36 PM] On the sidelines of the G20 meeting in India, IMF managing director Kristalina Georgieva said the agency would prefer to regulate crypto than an outright ban.

Janet Yellen Says ‘Critical’ to Establish Strong Crypto Regulation — ‘We Haven’t Suggested Outright Banning’

[Feb 26, 2023 9:00 PM] U.S. Treasury Secretary Janet Yellen says “it is critical to put in place a strong regulatory framework” for crypto on the sidelines of the G20 meeting for finance ministers and central bank governors. “We haven’t suggested…

IMF Calls for ‘More’ Crypto Regulation — Says Banning Should Be an Option

[Feb 25, 2023 5:00 PM] International Monetary Fund (IMF) Managing Director Kristalina Georgieva says crypto needs “more regulation.” She added, “We should not take off the table banning those assets,” if regulation fails or is too slow to…

U.S. Treasury Janet Yellen calls for 'strong regulatory framework' for crypto activities

[Feb 25, 2023 2:07 PM] On the sidelines of the G20 meeting, U.S. Treasury Secretary Janet Yellen said the country is not pushing for an outright banning of crypto activities.

IMF Board Offers Guidance for Developing Effective Crypto Policies

[Feb 24, 2023 10:00 PM] The executive board of the International Monetary Fund (IMF) has provided guidance for member countries to develop effective crypto policies. The board stressed the need to develop comprehensive crypto regulations to “better mitigate the…

IMF exec board endorses crypto policy framework, including no crypto as legal tender

[Feb 23, 2023 3:30 PM] The principles are broad and general, with the exception of the stand against crypto as legal tender, which the IMF has repeatedly expressed to El Salvador.

Lebanon Financial Crisis: Banks Torched After Pound Taps New Low Versus the US Dollar

[Feb 22, 2023 12:30 AM] The Lebanese pound’s fall to its lowest ever versus the U.S. dollar, 80,000 to 1, has piled more misery on residents whose local currency-denominated savings have been decimated by inflation. The ongoing strike by banks demanding the passage…

IMF Says El Salvador Should Avoid Trading Bitcoin Bonds – Here’s Why

[Feb 12, 2023 8:05 AM] The International Monetary Fund (IMF) has warned El Salvador to avoid trading Bitcoin bonds due to the risks it poses for the economy. This latest development comes after increased regulations from the Central American country that promotes the…

IMF Report on El Salvador’s Bitcoin Adoption: Risks Averted, but Transparency Needed

[Feb 12, 2023 3:00 AM] According to a recent mission statement published by the International Monetary Fund (IMF), El Salvador has adopted bitcoin as legal tender and has avoided risks so far. The IMF states that the risks have not materialized due to the limited use of…

Report: Egyptian Lawmakers Hail Parliament’s Endorsement of Pact to Join BRICS Bank

[Feb 3, 2023 3:30 AM] Egyptian lawmakers recently hailed the parliament’s endorsement of a pact that allows the country to join the New Development Bank, a report has said. According to the report, the lawmakers believe joining this BRICS-backed institution will…

IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance

[Jan 20, 2023 5:30 PM] An International Monetary Fund (IMF) division chief and deputy managing director are calling for more action to be taken in the regulatory aspect to avoid crypto’s ups and downs affecting banks and traditional financial institutions. Nobuyasu…

Davos 2023: WEF Unveils Global Collaboration Village Metaverse Platform

[Jan 19, 2023 5:30 PM] The World Economic Forum (WEF) has announced the rollout of the Global Collaboration Village, its own metaverse platform, for this year. Klaus Schwab, chairman of the WEF, plans to leverage this representation of Davos to allow people and leaders…

Nearly $1 Billion Poured Into Egypt’s Forex Market — Local Currency Now World’s Worst Performing Currency in 2023

[Jan 18, 2023 4:30 PM] The Egyptian central bank recently claimed that its decision to devalue the local currency has been vindicated by foreign investors’ return to the country’s foreign market where they reportedly poured in $925 million in just three days…

Report: Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate Regime

[Jan 16, 2023 12:30 AM] The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange rate…

Report: Morocco Central Bank Governor Says Crypto Draft Law Now ‘Ready’

[Jan 2, 2023 9:30 PM] A Moroccan draft crypto law, which seeks to protect individuals from the risks associated with crypto trading, is ready and will soon be presented to stakeholders, Abdellatif Jouahiri, the governor of Bank Al-Maghrib (BAM), has said. Adoption of…

IMF Warns of Tough Year Ahead for World Economy Citing Slowdown in US, EU, China

[Jan 1, 2022 10:00 PM] The International Monetary Fund (IMF) has warned that 2023 will be a tougher year for most of the world economy because the U.S., EU, and Chinese economies are all slowing down simultaneously. “We expect one-third of the world economy to be…

Dollar Loses to Digital Currencies in 2023, Former Russian President Medvedev Says

[Dec 30, 2022 2:30 AM] Digital fiat currencies will spread next year while the U.S. dollar will be losing its status of global reserve currency, according to Russia’s former head of state. In a string of tweets, Dmitry Medvedev gave his two cents on what the future holds…

Argentina Signs Automatic Tax Data Sharing Agreement With the United States

[Dec 6, 2022 4:30 AM] The government of Argentina has signed a data sharing agreement with the U.S. to enhance the cooperation of the countries in the tax arena. The agreement, which was signed by Sergio Massa, minister of economy of Argentina, and U.S. ambassador Marc…

Structural Adjustment: How The IMF And World Bank Repress Poor Countries And Funnel Their Resources To Rich Ones

[Nov 30, 2022 7:00 AM] The IMF and World Bank do not seek to fix poverty, but only to enrich creditor nations. Could Bitcoin create a better global economic system for the developing world?This is an opinion editorial by Alex Gladstein, chief strategy officer of the…