Tags : IMF

Regulation

IMF sounds ‘legal, economic’ alarms over El Salvador’s Bitcoin adoption

The International Monetary Fund (IMF), a global, intergovernmental economic and financial body, condemned El Salvador’s move to make Bitcoin an official ‘legal tender’ in the country citing economic and legal risks. “Adoption of Bitcoin as legal tender raises a number of macroeconomic, financial, and legal issues that require very careful analysis,” said Gerry Rice, an […]Read More

Bitcoin

El Salvador’s relationship with the IMF turns complicated after new

The International Monetary Fund (IMF), a global intergovernmental organization that supports economic structures and finance in the world, is set to hold talks with El Salvador after it passed a Bitcoin bill today. The issue with accepting Bitcoin As per Reuters, El Salvador is already nursing a strained relationship with the IMF amidst difficult economic […]Read More

Regulation

Central Bank Digital Currency ‘Incredibly Rich Area’ Says IMF

Tao Zhang, Deputy Managing Director of the International Monetary Fund (IMF) has made a strong argument for the development of Central Bank Digital Currency (CBDCs). He asserts that as a new asset class they hold tremendous promise, notably for the developing world. BENEFITS OF DIGITAL CURRENCY EMPHASIZED Zhang discussed CBDCs in an address given at […]Read More