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Banning crypto ‘may not be effective in the long run’ — IMF

[Jun 22, 2023 12:44 PM] After proposing a single ledger CBDC payment system, the International Monetary Fund reported on the regulation and use of digital currencies in Latin America and the Caribbean.

Expert Analysis: IMF Documents And XC Platform Raise Concerns For XRP

[Jun 22, 2023 12:30 PM] The IMF has often recognized crypto assets, especially Ripple (XRP), as instruments facilitating cross-border payments and remittances. Reuters reported that the International Monetary Fund IMF plans to launch a platform to facilitate CBDC…

Central Banks Propose CBDC, Stablecoin Standards With Amazon, Grab Running Trials

[Jun 21, 2023 8:26 AM] The Monetary Authority of Singapore (MAS), in collaboration with the IMF and other central banks, is proposing common conditions for retail payments with digital money on a distributed ledger.

IMF Working on Platform to Support CBDC Cross-Border Interoperability

[Jun 20, 2023 11:30 PM] The International Monetary Fund (IMF) is working to develop a platform that would serve as an interoperability layer for central bank digital currencies (CBDCs), allowing for settlements among different countries. According to statements from IMF…

BIS releases unified-ledger proposal for cross-border, tokenized asset transactions

[Jun 20, 2023 12:00 PM] Like the IMF’s single-ledger proposal released a day earlier, BIS’ unified ledger uses familiar concepts, such as tokenization, without the blockchain.

IMF Advances Global Central Bank Digital Currency Platform For International Transactions

[Jun 20, 2023 6:30 AM] The International Monetary Fund (IMF) is actively developing a global platform for CBDCs to facilitate seamless transactions across borders, announced IMF Managing Director Kristalina Georgieva at a conference in Rabat, Morocco.  Georgieva…

IMF envisions ‘new class’ of cross-border payment platform with single ledger

[Jun 19, 2023 11:30 AM] The XC platform could operate domestically using tokenized assets, including deposits, with or without CBDCs.

IMF Official Presents Blueprint for Cross-Border CBDCs

[Jun 19, 2023 7:00 AM] The international organization wants to help cut the cost of cross-border transactions, without abandoning compliance checks or capital controls.

IMF Urges Fed to Maintain Tightening Policy Amid Inflation Concerns, Citing ‘Challenges’ Ahead

[Jun 9, 2023 8:00 AM] On Thursday, International Monetary Fund (IMF) spokesperson Julie Kozack urged the U.S. Federal Reserve and several other central banks to maintain a restrictive monetary policy known as tightening. Kozack stated that the U.S. central bank may need…

India's RBI Intends to Push G-20 to Focus on Crypto's Macro Risks

[May 30, 2023 6:02 AM] India's central bank is trying to expand the global narrative around cryptocurrencies beyond "financial stability and integrity to macro-financial and cross-sectoral implications and risks of crypto-assets.

Moody’s on De-Dollarization: Rating Agency Labels US Debt Default a ‘Near-Term Danger to the Dollar’s Position’

[May 26, 2023 4:00 PM] As calls for the creation of a global alternative to the greenback grow, credit rating agency Moody’s said on May 25 that rival currencies such as the euro and the Chinese yuan do not yet threaten the U.S. dollar’s position as the…

IMF Foresees No ‘Rapid Shift’ in US Dollar Reserves Despite Rising De-Dollarization Trend

[May 25, 2023 5:30 PM] The International Monetary Fund (IMF) does not expect a “rapid shift” in the U.S. dollar reserves despite a rising de-dollarization trend and a looming U.S. debt default. “Don’t kiss your dollars goodbye just yet,” said IMF Managing Director

IMF optimism in Central African Republic, despite Bitcoin adoption

[May 24, 2023 3:40 AM] The International Monetary Fund projects 2.2% GDP growth and manageable debt, but warns of liquidity risks.

IMF sees room for eNaira improvement in first year assessment

[May 18, 2023 4:27 PM] The world’s second-ever CBDC has yet to reach 1% of Nigeria’s population, according to the IMF assessment.

Pakistani finance minister says crypto will never be legal because of FATF

[May 17, 2023 2:00 PM] Pakistan was taken off the FATF gray list in October, and it has good reasons to want to stay in international good graces.

Zimbabwe Sells Millions of Gold-backed Crypto Tokens, Shrugs off IMF Advice

[May 15, 2023 12:40 PM] Zimbabwe ignored the International Monetary Fund’s (IMF) caution and engaged in the sale of its gold-backed crypto tokens. As a result, the Reserve Bank of Zimbabwe recorded huge success selling its gold-backed digital assets worth 14 billion…

G-7 Finance Ministers Discuss Crypto Regulation Ahead of Japan Summit Next Week

[May 15, 2023 4:45 AM] Representatives for the seven advanced economies signaled a commitment to following norms set by standard-setters FSB and IMF on crypto and central bank digital currencies.

IMF Warns of ‘Very Serious Repercussions’ if US Defaults on Debt Obligations

[May 12, 2023 7:30 PM] The International Monetary Fund (IMF) has warned of “very serious repercussions” to both the U.S. and the global economy if the U.S. defaults on its debt obligations, which could be as soon as June 1. “We are calling on all of the…

IMF Says Zimbabwe Gold-Backed Digital Currency a Potential Threat to Financial Stability

[May 11, 2023 3:30 AM] The International Monetary Fund has urged Zimbabwean authorities to weigh the benefits versus risks of issuing a gold-backed digital currency. Instead of using gold-backed digital currency to limit the demand for the greenback, the global lender…

Brazilian President Lula to Act as BRICS Liaison to Help Argentina, Discusses Credit Line in Brazilian Reals

[May 4, 2023 11:30 PM] Brazilian President Luiz Inacio Lula da Silva stated Brazil will serve as a facilitator to try and arrange BRICS bloc assistance for Argentina. Lula stated that the New Development Bank — the BRICS bank — could modify some of its rules to aid…

IMF Chief Warns of More Weaknesses in US Banking Sector — Sees ‘Gradual’ Shift Away From US Dollar

[May 4, 2023 3:30 AM] International Monetary Fund (IMF) Managing Director Kristalina Georgieva expects “more vulnerabilities” in the U.S. banking sector amid a growing de-dollarization trend worldwide. “There has been a gradual shift away from the…

Russian Foreign Minister Sergey Lavrov States De-Dollarization ‘Can No Longer Be Stopped’

[Apr 28, 2023 12:00 AM] Russian Foreign Minister Sergey Lavrov has spoken on the current shift to national currencies and the de-dollarization international markets are currently experiencing. In a press conference after addressing the UN Security Council on April 25…

China Warns of Global Financial Instability From US Economic Policies

[Apr 22, 2023 9:30 PM] China has urged the U.S. and other developed nations to assess the spillover effects of their economic and financial policies. “The economic and financial policies of the U.S. pose the biggest challenge to global financial stability,” according to…

IMF Says Sub-Saharan Africa Already Feeling Effects of the ‘Big Funding Squeeze’

[Apr 17, 2023 8:40 PM] Countries from the Sub-Saharan Africa (SSA) region face a “big funding squeeze” which is forcing some of them to cut spending on health, education, and infrastructure. According to Abebe Aemro Selassie, people from the region are…

A recession is coming — Here’s how it’s fueling Bitcoin

[Apr 14, 2023 11:30 AM] Cointelegraph analyst and writer Marcel Pechman explains how a potential looming recession might be causing Bitcoin’s price to rise.

IMF to publish CBDC handbook in response to increasing demand for guidance

[Apr 13, 2023 3:00 PM] The handbook will be descriptive and informational, while the IMF offers advice tailored to specific, prioritized countries.

IMF Blog: Interest Rates to Fall to Pre-Pandemic Levels Once Inflation Is Tamed

[Apr 13, 2023 3:30 AM] When inflation in advanced economies is tamed, real interest rates are likely to drop to pre-pandemic levels, the latest International Monetary Fund (IMF) blog post has said. According to the authors of the blog post, the transition to a…

IMF Economist Warns of Side Effects From Sharp Monetary Policy Tightening — Says Financial Risks Have Increased

[Apr 12, 2023 5:30 PM] The International Monetary Fund’s (IMF) economic counselor has warned of the side effects of sharp monetary tightening. Noting that “Inflation is much stickier than anticipated,” he stressed that “financial risks have risen.” IMF…

G-7 Will Focus on Helping Developing Nations Introduce CBDCs

[Apr 12, 2023 12:34 AM] The Group of Seven (G-7) advanced nations will prioritize considering how it can better help developing countries introduce their central bank digital currencies (CBDCs).

IMF reiterates call for crypto regulation after the ecosystem's 'rough year'

[Apr 11, 2023 11:00 AM] According to the IMF, regulations should include with “strict prudential requirements” for stablecoin issuers following the depegging of USD Coin and Dai.