1 / 6 Relevant items tagged with #Imf
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El Salvador Reinforces Bitcoin Allegiance: Purchases BTC in Defiance of IMF Agreement
[Dec 22, 2024 7:48 PM] The government of El Salvador has clarified that it will continue pushing bitcoin as part of its economic strategy, even as it inked an agreement with the IMF to wind down its bitcoin operations. El Salvador Keeps Purchasing Bitcoin After IMF Deal…
El Salvador buys 11 BTC only a day after reaching a deal with IMF
[Dec 20, 2024 5:57 AM] El Salvador purchased 11 Bitcoin a day after reaching a $1.4 million IMF loan deal that called for a reduction in public sector engagement in “Bitcoin-related economic activities.”
Quid Pro Quo: El Salvador Scores $1.4 Billion IMF Credit by Scaling Back Bitcoin Activities
The IMF Just Improved El Salvador’s Bitcoin Law
[Dec 19, 2024 2:18 PM] Follow Aaron on Nostr or X. The IMF yesterday announced they have reached a $1.4 billion loan deal with El Salvador. In return, the Central American country that in 2021 made bitcoin legal tender had to remove some of its pro-Bitcoin policies.I…
El Salvador makes Bitcoin payments voluntary in $1.4B IMF loan deal
[Dec 19, 2024 12:43 AM] El Salvador’s struck a loan deal with the IMF and will make Bitcoin acceptance voluntary and roll back government involvement in Bitcoin-related projects.
El Salvador grants Bitget license for Bitcoin services
[Dec 16, 2024 7:59 PM] El Salvador has authorized Bitget to provide Bitcoin services in the country. The exchange is now seeking further approval to support more tokens.
Ukraine set to legalize crypto by 2025 under strict regulations
[Dec 12, 2024 2:24 PM] Ukraine plans to legalize cryptocurrencies by early 2025, applying standard taxation rules without offering tax incentives.
El Salvador plans Bitcoin policy changes to secure $1.3B IMF loan — FT
[Dec 9, 2024 1:09 PM] El Salvador reportedly expects to reach an agreement with the IMF on a $1.3 billion loan deal in return for changes in its Bitcoin Law.
Iran Declares UN and IMF Ineffective, Advocates for BRICS-Driven World Order
[Oct 25, 2024 6:30 AM] Iran’s president slammed the UN Security Council and International Monetary Fund (IMF) at the BRICS summit, accusing them of losing effectiveness due to Western interference. He called for BRICS nations to reduce reliance on Western financial…
Is G20 Losing Relevance? BRICS’ Rise Signals Shift in Global Power
[Oct 23, 2024 3:30 AM] The rapid rise of BRICS is challenging the relevance of the G20 as a global platform, with BRICS nations now surpassing the G7 in economic output. As BRICS gains influence, discussions about reforms to major international organizations, including…
Can BRICS Dethrone World Bank and IMF? Why Cuba Is Betting on Its Growing Dominance
[Oct 20, 2024 3:30 AM] BRICS is emerging as a potential alternative to the World Bank and International Monetary Fund (IMF), challenging the dominance of Western-led financial institutions, according to Cuba’s Permanent Representative to the United Nations. With major…
BRICS Bank Offers Zimbabwe Escape From IMF Debt Traps, Says Professor
[Oct 17, 2024 3:30 AM] A Zimbabwean professor has highlighted the BRICS New Development Bank (NDB) as a crucial alternative to the International Monetary Fund (IMF), offering better financial terms to developing nations. He emphasized the NDB’s role in helping countries…
US Share of World Economy Projected to Reach Historic Low
[Oct 13, 2024 2:30 AM] The U.S. share of the global economy has fallen below 15% during President Joe Biden’s term, according to Sputnik’s analysis of World Bank and International Monetary Fund (IMF) data. Once peaking at over 21% in 1999, the U.S. has seen a steady…
India's Crypto Discussion Paper on Hold Due to Other Priorities
[Oct 9, 2024 1:08 PM] India's planned discussion paper outlining its policy stance on cryptocurrencies has been held up due to other priorities, two people familiar with the matter told CoinDesk.
IMF Urges El Salvador to Tighten Bitcoin Law and Strengthen Oversight
[Oct 7, 2024 3:30 AM] The International Monetary Fund (IMF) has advised El Salvador to narrow the scope of its bitcoin law, strengthen regulation and oversight of the cryptocurrency, and limit public sector exposure. The IMF remains engaged with the country to support…
JPMorgan: Gold and Bitcoin Surge as Debasement Trade Gains Momentum
IMF Urges El Salvador Again to Strengthen Regulatory Framework and Oversight of Bitcoin
[Oct 3, 2024 9:52 PM] The IMF has been asking El Salvador for changes regarding its bitcoin law since its adoption in 2021.
IMF pressures El Salvador to overhaul Bitcoin regulations
[Oct 3, 2024 5:59 PM] According to the International Monetary Fund, El Salvador has an annual GDP growth rate of 3% and roughly $144 million in outstanding loans.
IMF staff propose REDI framework to catalyze CBDC adoption
[Sep 22, 2024 8:28 AM] IMF staff members have introduced a high-level four-stage framework emphasizing regulation, education, design and incentives to enhance CBDC adoption.
El Salvador President Nayib Bukele to Present Debt-Free Budget for 2025
[Sep 16, 2024 2:22 PM] Bukele spoke during the commemoration of 203 years of El Salvador independence.
Bukele States Bitcoin Was an Effective Rebranding Tool for El Salvador
[Aug 31, 2024 6:40 PM] President Nayib Bukele pondered how El Salvador adopted the bitcoin banner and evaluated how it has fared for the country so far. In a recent interview given to Time magazine, Bukele admits that while Bitcoin adoption has not grown as he expected…
Latam Insights Encore: El Salvador Bitcoin’s Allure Might Help Bukele Reactivate the Country’s Economy
[Aug 20, 2024 11:30 AM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the possibilities of making Bitcoin an important part of the proposed economic…
IMF Economists Suggest Electricity Tax to Lower Crypto and AI Environmental Impact
[Aug 17, 2024 11:30 AM] International Monetary Fund (IMF) economists have warned of the environmental impact of crypto mining and AI data centers, which are projected to increase global electricity consumption to 3.5% by 2027, leading to higher carbon emissions. Proposing…
IMF execs float raising crypto mining electricity prices by 85%
[Aug 16, 2024 1:44 AM] A tax on the energy used by crypto miners could cut emissions by 100 million tons a year, equal to Belgium’s emissions, say two IMF executives.
Latam Insights Encore: El Salvador Forges a Path to Overcome IMF’s Bitcoin-Phobia
[Aug 13, 2024 5:30 AM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the possibilities that El Salvador is opening for other countries to receive help…
Latam Insights: El Salvador Advances Talks With IMF Despite Bitcoin Allegiance; Brazil Passes First Solana Spot ETF
[Aug 12, 2024 11:20 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the last week. In this issue: El Salvador holds talks with the IMF despite its Bitcoin allegiance; Brazil greenlights the first Solana spot…
Global Asset Freeze Targets Fugitive ‘Cryptoqueen’ and Onecoin
[Aug 10, 2024 12:30 AM] A London high court has announced a global asset freeze targeting Onecoin’s co-founder Ruja Ignatova and associates. Over 400 investors sought this legal action after losing millions in the Onecoin cryptocurrency scam. The asset freeze prevents…
El Salvador and IMF Advance Talks on Bitcoin Risk Mitigation and Economic Reforms
[Aug 8, 2024 3:30 AM] The International Monetary Fund (IMF) has reported progress in negotiations with El Salvador on policies to strengthen public finances, boost bank reserves, improve governance, and address bitcoin risks. Although many BTC risks haven’t…
Group Urges Nigeria to End Naira Float, Reinstate Subsidies
[Aug 7, 2024 1:22 PM] The Nigerian government has been urged to abandon a floating foreign exchange system and reintroduce subsidies in the power and energy, agriculture, and transportation sectors. In a communique, the Multidisciplinary Finance Professionals (MFP) said…