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El Salvador Stands Firm on Bitcoin, Defying IMF’s Renewed Call to Drop BTC as Legal Tender

[Feb 3 5:30 PM] El Salvador has reaffirmed its commitment to embracing bitcoin despite the International Monetary Fund’s repeated calls for the country to drop the cryptocurrency as legal tender. The Salvadoran vice president emphasized that not only will…

IMF Chief Sees Crypto as Asset Class — Says Bitcoin Won’t Dethrone US Dollar as Dominant Currency

[Jan 15 7:00 PM] International Monetary Fund (IMF) chief Kristalina Georgieva sees crypto as an asset class, not money. She dismissed concerns of bitcoin potentially displacing the U.S. dollar as the world’s dominant currency, citing the size of the U.S…

IMF Chief Calls for Clear Crypto Regulation — Warns High Crypto Adoption Could Undermine Financial Stability

[Dec 15, 2023 10:00 PM] The head of the International Monetary Fund (IMF) has called for clear crypto regulations worldwide, cautioning that high crypto adoption could undermine macro-financial stability. “Our goal is to make a more efficient, interoperable, and…

Argentina's Milei, So Far Shunning Bitcoin, Devalues Peso by More Than 50%

[Dec 13, 2023 9:39 AM] The government's official rate is now 800 pesos to the dollar versus 400 previously.

US-China Rivalry Risks Cold War II, Warns IMF Official

[Dec 12, 2023 9:30 PM] The International Monetary Fund (IMF)’s first deputy managing director has warned of the risk of Cold War II. Noting that in the Cold War, it was the U.S. and the Soviet Union, the IMF official stressed that now it is the U.S. and China…

Milei presidential victory fuels optimism in Argentina’s Bitcoin community

[Nov 23, 2023 7:49 AM] The election of new Argentine President Javier Milei has given many in the local Bitcoin community cause for hope.

IMF Chief Says Central Bank Digital Currencies Can Replace Cash — Urges Public Sector to Prepare for CBDC Deployment

[Nov 17, 2023 8:30 PM] International Monetary Fund (IMF) Managing Director Kristalina Georgieva says central bank digital currencies (CBDCs) can replace cash. She has urged the public sector to “keep preparing to deploy CBDCs and related payment platforms,”…

CBDCs Good for Payments, Even With Competition: IMF

[Nov 15, 2023 10:20 AM] The International Monetary Fund's planned CBDC handbook offers guidance for policymakers on how to explore digital versions of sovereign currencies.

Central Bank Digital Currencies Can Replace Cash, Offer Resilience: IMF Chief

[Nov 15, 2023 4:43 AM] The public sector should continue to prepare for CBDC deployment, IMF Managing Director Kristalina Georgieva said.

IMF head: CBDCs can replace cash, help financial inclusion

[Nov 15, 2023 3:17 AM] International Monetary Fund managing director Kristalina Georgieva urged the public sector to “keep preparing to deploy” central bank digital currencies.

IMF director urges ‘financial inclusion’ via digitalization

[Oct 18, 2023 3:38 AM] IMF managing director Kristalina Georgieva says digitalization is “the most important way” to scale up financial inclusion.

IMF Boss Kristalina Georgieva Calls to Accelerate ‘Financial Inclusion’ Through Digitalization

[Oct 18, 2023 1:30 AM] Kristalina Georgieva, managing director of the International Monetary Fund (IMF), has argued that digitalization could help to scale up “financial inclusion.” During a keynote, Georgieva stated that digitalization worked well in this…

G20 adopts IMF-FSB Synthesis Paper on crypto regulation

[Oct 13, 2023 2:51 AM] The Group of Twenty accepted the regulatory roadmap proposed in a joint Synthesis Paper of the International Monetary Fund and the Financial Stability Board.

CBDC lays foundation for new global monetary system: French central bank

[Oct 4, 2023 3:00 AM] The first deputy governor at Banque de France calls central bank digital currency “the catalyst for improving cross-border payments.“

IMF working paper proposes country-level assessment matrix for crypto risks

[Oct 2, 2023 5:30 AM] The matrix aims to identify potential risks associated with the crypto space and policy responses for regulators.

IMF and FSB Release ‘Policies for Crypto Assets’ at G20 Request

[Sep 8, 2023 6:30 PM] The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published their synthesis paper titled “Policies for Crypto Assets,” which was developed at the request of the Indian G20 Presidency. The global…

IMF, FSB release joint policy recommendations for crypto assets

[Sep 7, 2023 4:40 AM] The policy paper includes recommendations for regulating activities related to stablecoins and decentralized finance (DeFi).

Blanket Crypto Bans Won’t Work, IMF and FSB Warn in Joint Paper

[Sep 7, 2023 2:00 AM] The global standard-setters instead suggest targeted restrictions when necessary, and urges jurisdictions to strengthen monetary policy frameworks.

Global Standard Setters to Deliver Global Crypto Policy Roadmap

[Sep 5, 2023 2:00 AM] The Financial Stability Board and the International Monetary Fund are set to deliver a paper calling for global coordination on crypto policy at this weekend's G20 summit.

UN Secretary General Antonio Guterres Calls for Reform of ‘Outdated, Dysfunctional, and Unfair’ Global Financial Architecture

[Aug 28, 2023 3:30 AM] Antonio Guterres, Secretary General of the United Nations (U.N.), has noted changes that need to happen with today’s financial institutions to fit into the current multilateral world. During the recent BRICS leaders summit, Guterres said that…

Local Currencies Are Not Alternatives to the Dollar but the System, BRICS Bank Chair Says

[Aug 23, 2023 1:30 PM] The development bank founded by the BRICS bloc of emerging economies aims to promote a multipolar financial system, its head, Dilma Rousseff, has indicated. As part of these efforts, the institution seeks to expand lending in local currencies…

Latam Insights — Javier Milei’s Victory Divides Argentina; Bitso Launches Cross-Border Institutional Payment Service

[Aug 21, 2023 2:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Javier Milei’s victory in Argentina causes a devaluation maelstrom, and Bitso launches a…

G20 Set to Crystalize Global Crypto Rules as India Wraps Up Presidency

[Aug 15, 2023 10:30 AM] G20 nations are set to crystalize crypto policies, the closest we may have come to globally coordinated rules for the industry. India has been at the helm of the efforts as the current president of the G20 and is likely to celebrate the progress…

Nigerian Currency Plunges to New Low, Central Bank Says the Naira Is Undervalued

[Aug 11, 2023 3:30 PM] The Nigerian currency continued its slide versus the greenback when it fell to a new all-time low of NGN950 per dollar. Folashodun Shonubi, the acting governor of the Central Bank of Nigeria, insists that the naira is currently undervalued. The…

Argentine Peso Plunges to Historic Lows as Uncertainty Rules Before Elections

[Aug 8, 2023 2:00 PM] The exchange rate of the Argentine peso reached historic lows Monday in a decline that took its exchange rate to almost 600 pesos per U.S. dollar. Economists state that the uncertainty of the upcoming elections caused key bagholders to hedge their…

G20 President India Proposes ‘Action Points’ for Implementing Global Crypto Rules

[Aug 6, 2023 8:30 PM] The Indian Presidency of G20 has put forward proposals for a roadmap to introducing a global regulatory framework for crypto assets. India believes a more coordinated policy will be needed to enforce international standards in the field and…

India puts forward suggestions for G20 crypto roadmap

[Aug 2, 2023 2:44 AM] The country emphasises the necessity of dealing with digital assets’ risks for developing economies.

G20 President India Publishes Its Input for Framing Global Crypto Rules

[Aug 1, 2023 11:58 PM] As the current president of the Group of Twenty (G20), India has made public its presidency note on crypto in an effort to have its suggestions included in the framing of global crypto rules.

Latam Insights — Argentina to Complete IMF Payment With Chinese Yuan, Bolivia Also Using China’s Currency for International Settlements

[Jul 30, 2023 9:30 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Argentina is likely to settle part of a payment to the International Monetary Fund (IMF) using the Chinese…

IMF Has Not Seen Specific Proposal on BRICS Currency

[Jul 15, 2023 10:00 PM] The International Monetary Fund (IMF) has not seen any specific proposal on a common BRICS currency. However, the IMF acknowledges the presence of “slow-moving trends” indicating shifts in the currency composition of reserves and trade…