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Brazil Central Bank Moves to Follow IMF Crypto Classification Guidelines
imf

Brazil Central Bank Moves to Follow IMF Crypto Classification Guidelines

The Central Bank of Brazil has adopted the classification of cryptocurrencies being sold or purchased under the International Monetary Fund (IMF) guidelines.

IMF Releases New Blog on the Adoption of Stablecoins
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IMF Releases New Blog on the Adoption of Stablecoins

The International Monetary Fund (IMF) recently released a blog, “Digital Currencies: The Rise of Stablecoins” outlining the adoption of new digital payment methods.

Cryptocurrencies Should be Given Room to Grow, Asserts IMF Chief
imf

Cryptocurrencies Should be Given Room to Grow, Asserts IMF Chief

Christine Lagarde, the IMF Chief has asked financial players, such as central banks, to be open-minded when it comes to innovations, such as cryptocurrencies, as they should be given space to grow.

IMF Educational Cryptocurrency Video Receives Backlash from Bitcoin and Crypto Experts
imf

IMF Educational Cryptocurrency Video Receives Backlash from Bitcoin and Crypto Experts

A video posted by the International Monetary Fund (IMF) on its social platform has generated a lot of criticism from the cryptocurrency community.

IMF Believes Central Banks Need Strong Legal Frameworks for CBDCs to Work
imf

IMF Believes Central Banks Need Strong Legal Frameworks for CBDCs to Work

The issuance of CBDCs by apex global banks has become a hot topic in the crypto space, and the IMF has delved into it with some precautionary measures.

IMF Chief Economist Says Crypto Won’t Threaten Dollar Dominance Although Global Reserves Decline
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IMF Chief Economist Says Crypto Won’t Threaten Dollar Dominance Although Global Reserves Decline

The Chief Economist of the International Monetary Fund (IMF), Gita Gopinath, expressed in an opinion piece in the Financial Times that digital currencies would not displace the US Dollar as the currency that dominates the global trade and finance.

Private Firms Can Boost Innovation of Central Bank Digital Currency, says IMF
imf

Private Firms Can Boost Innovation of Central Bank Digital Currency, says IMF

A synthetic Central bank digital currency (CBDC) could create new pathways for innovation according to a senior member of the International Monetary Fund (IMF).

IMF Official Talks Benefits and Shortcomings of CBDCs, Proposes a Hybrid Solution
imf

IMF Official Talks Benefits and Shortcomings of CBDCs, Proposes a Hybrid Solution

Tao Zhang, deputy managing director of the International Monetary Fund (IMF), acknowledges the tremendous promise that CBDCs hold and challenges lying ahead.

Federal Reserve Chairman Powell to Address IMF on Digital Currencies Next Week
imf

Federal Reserve Chairman Powell to Address IMF on Digital Currencies Next Week

Federal Reserve Chairman Jerome Powell will be speaking to the International Monetary Fund (IMF) next week as part of a panel on cross-border digital payments.

Will Bitcoin Survive? IMF Predicts Worst Economy Since "Great Depression" in Aftermath of COVID-19 Global Lockdown
imf

Will Bitcoin Survive? IMF Predicts Worst Economy Since "Great Depression" in Aftermath of COVID-19 Global Lockdown

The International Monetary Fund (IMF) has released its quarterly World Economic Outlook for 2020 which paints a bleak picture on how the disruptive economic effects of the COVID-19 virus global quarantine measures, dubbed the ‘Great Lockdown’, will continue to cripple the markets long after the pandemic ends.

Stellar CEO Denelle Dixon Joins IMF Panel on Cross-Border Payments
imf

Stellar CEO Denelle Dixon Joins IMF Panel on Cross-Border Payments

Stellar CEO Denelle Dixon is slated to take part in the IMF's annual meeting today, to discuss the private-sector’s role in addressing the limitations of cross-border payments.

Mexican Central Bank Reveals CBDC Distribution in 2024
imf

Mexican Central Bank Reveals CBDC Distribution in 2024

Banco de México, the Central Bank of Mexico has revealed that its projected CBDC will be up for public distribution by 2024.

IMF Urges Countries to Consider Banning Cryptocurrencies
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IMF Urges Countries to Consider Banning Cryptocurrencies

US Treasury Secretary Janet Yellen underlined the need for effective cryptocurrency regulation.

Two Major Events Will Influence the Bitcoin Price in the Next 24 Hours
imf

Two Major Events Will Influence the Bitcoin Price in the Next 24 Hours

Bitcoin and cryptocurrency traders face a moment of pause as they await two major events that will either send the BTC price soaring or cause a major bearish correction.

Hong Kong Monetary Authority Reports April Foreign Currency Reserves
imf

Hong Kong Monetary Authority Reports April Foreign Currency Reserves

HKMA releases data on Hong Kong's foreign currency reserves and liquidity for April 2024.

IMF Emphasizes Digitalization in Financial Inclusion Agenda
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IMF Emphasizes Digitalization in Financial Inclusion Agenda

IMF Managing Director Kristalina Georgieva emphasizes the role of digitalization in expanding financial inclusion. She calls for a balanced approach that includes regulation to ensure financial stability. The IMF has also been active in digital finance, recently presenting a crypto-risk assessment tool.

Ex-IMF Top Economist Shortlisted to Lead Roxe's CBDC Pursuit
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Ex-IMF Top Economist Shortlisted to Lead Roxe's CBDC Pursuit

Former IMF economist Andreas Jobst will lead Roxe's CBDC Solutions built to leverage the Bitcoin hashrate.

IMF Proposes Framework to Assess Crypto Asset Risks
imf

IMF Proposes Framework to Assess Crypto Asset Risks

The International Monetary Fund (IMF) has released a working paper that delves into the macrofinancial risks tied to crypto assets. The paper, part of the IMF's Working Papers series, proposes a framework aimed at aiding policymakers and regulatory authorities in understanding and tracking systemic risks from the crypto sector. This framework is crucial as traditional financial tools are not well-suited for assessing crypto-related risks.

The IMF Urges El Salvador to Abandon Bitcoin as Legal Tender
imf

The IMF Urges El Salvador to Abandon Bitcoin as Legal Tender

The International Monetary Fund (IMF) is concerned about the risks of El Salvador's issuance of bitcoin-backed bonds, urging El Salvador to terminate bitcoin as legal tender as soon as possible.

Correlation Between Performance of Equity Markets and Crypto Assets in Asia Increased: the IMF
imf

Correlation Between Performance of Equity Markets and Crypto Assets in Asia Increased: the IMF

The International Monetary Fund said that the returns and volatility correlations between Bitcoin and Asian equity markets have increased significantly since 2020, before the pandemic.

IMF Concerns El Salvador Bitcoin Adoption as Legal Tender
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IMF Concerns El Salvador Bitcoin Adoption as Legal Tender

The International Monetary Fund (IMF) expressed their concerns over the recent adoption of legalising Bitcoin (BTC) as a legal tender in El Salvador.

IMF to Play a Crucial Role in Monitoring Digital Money Evolution
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IMF to Play a Crucial Role in Monitoring Digital Money Evolution

The IMF is set to play a crucial role in monitoring the advancement of digital currencies.

Philippines Central Bank To Research Further Before Launching its CBDC
imf

Philippines Central Bank To Research Further Before Launching its CBDC

Philippines Central Bank governor Benjamin Diokno has recommended further research with respect to the proposed Digital Peso, central bank digital currency.

IMF Boss Says Europe Can Avoid Debt Trap, Difficult to Believe in Crypto as Money
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IMF Boss Says Europe Can Avoid Debt Trap, Difficult to Believe in Crypto as Money

IMF Chief Kristalina Georgieva said that Europe could reverse getting into a debt crisis. She further warned about the risks associated with cryptocurrencies.

IMF Chief Warns of Terra Crash, Calls it as Pyramid Scheme
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IMF Chief Warns of Terra Crash, Calls it as Pyramid Scheme

In response to the recent crash of the LUNA collapse, the International Monetary Fund (IMF) Managing Director Kristalina Georgieva questioned the risk of stablecoins, calling it a ‘Pyramid’ scheme.

Digital Currency Growth Brings "Opportunities and Challenges": IMF
imf

Digital Currency Growth Brings "Opportunities and Challenges": IMF

A recent report by the IMF says the current evolution in the crypto ecosystem presents both opportunities and challenges for the broader financial ecosystem

IMF Warns Countries against Adopting Cryptocurrency as Money
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IMF Warns Countries against Adopting Cryptocurrency as Money

The global regulator has renewed its warning against the use of Bitcoin as legal tender.

Nearly 100 Countries are Developing their CBDC by July - IMF
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Nearly 100 Countries are Developing their CBDC by July - IMF

According to the International Monetary Fund (IMF) report, as of July 2022, nearly 100 central bank digital currencies (CBDCs) are in the research or development stage around the world.

European Central Bank President: Coronavirus Has Accelerated Digital Currency Adoption
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European Central Bank President: Coronavirus Has Accelerated Digital Currency Adoption

COVID-19 has led to an acceleration in digital payments adoption and technological innovation, as seen by the spending pattern of European citizens.

Crypto Price Shows Stronger Interconnectedness with Stock Market amid COVID-19: IMF
imf

Crypto Price Shows Stronger Interconnectedness with Stock Market amid COVID-19: IMF

As a change of tune, the IMF alludes to the fact that crypto-assets like Bitcoin (BTC) have transformed from an obscure asset class to an integral part of the digital asset revolution.

IMF Warns of Economic Instability in El Salvador Owing to Broad BTC Adoption
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IMF Warns of Economic Instability in El Salvador Owing to Broad BTC Adoption

The International Monetary Fund has expressed its scepticism about the role of Bitcoin in helping El Salvador to maintain financial stability.

As crypto grows across Africa, IMF asks for greater regulation
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As crypto grows across Africa, IMF asks for greater regulation

IMF wants to regulate Africa's crypto marketplaces. Cryptocurrency is a booming market. 25% of sub-Saharan African nations have explicitly regulated crypto, while 2/3 have prohibitions.

Central Banks Could Monopolize Commercial Banking Sector via CBDC, Says Federal Reserve
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Central Banks Could Monopolize Commercial Banking Sector via CBDC, Says Federal Reserve

A new working paper from the Federal Reserve Bank of Philadelphia indicates that the development of a central bank digital currency (CBDC) may create a fundamental shift in the way banks operate.

IMF: Latin America and the Caribbean Embrace CBDC and Crypto Assets
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IMF: Latin America and the Caribbean Embrace CBDC and Crypto Assets

Interest in central bank digital currencies (CBDCs) is on the rise in Latin America and the Caribbean (LAC), with several countries making significant advancements in their adoption, according to IMF.

IMF Calls for Global Govts to Keep a Check on Crypto
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IMF Calls for Global Govts to Keep a Check on Crypto

The International Monetary Fund has advised international decision-makers to keep a check on crypto, following deepening concerns highlighted by the war in Ukraine, The Block reported.

IMF Warns of AI's Impact on Global Job Market: 40% Positions at Risk
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IMF Warns of AI's Impact on Global Job Market: 40% Positions at Risk

The IMF warns that AI could impact 40% of global jobs, rising to 60% in advanced economies. This trend may exacerbate income inequality, with younger workers adapting more easily than older ones. The IMF urges comprehensive safety nets and retraining programs to mitigate the effects.

IMF Prioritizes Regulation over Ban on Crypto
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IMF Prioritizes Regulation over Ban on Crypto

The International Monetary Fund (IMF) supports regulating digital money and prioritizes differentiating between central bank digital currencies and crypto assets, such as stablecoins. The IMF's Managing Director, Kristalina Georgieva, clarified that the nuclear option to ban cryptocurrencies remains on the table, but the agency would prefer to pursue good regulations, predictability, and consumer protection.

Fed Reserve Chair Says Central Bank Needs to Issue Digital Currency Right not First
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Fed Reserve Chair Says Central Bank Needs to Issue Digital Currency Right not First

Jerome Powell, the Federal Reserve chairman, discussed digital currencies and cross-border payments on an IMF panel, revealing the United States' approach to CBDC.

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