The IMF warned the G20 nations that the widespread use of crypto assets could impact banks significantly. The International Monetary Fund (IMF) warned the Group of 20 (G20) nations that the widespread...
Tag: IMF
G20 nations were warned by IMF about incoming trouble for crypto-friendly banks
The IMF sent a report to G20 nations last month which laid out the implications of crypto adoption in emerging markets. The report warned that banks with exposure to crypto may lose deposits and cease...
IMF had Warned G-20 That Widespread Crypto Use Would Impact Banks
“A widespread proliferation of crypto assets comes with substantial risks to the effectiveness of monetary policy, exchange rate management, and capital flow management measures, as well as to f...
The IMF Plans to Watch El Salvador and Its BTC Habits Closely
The International Monetary Fund (IMF) has stated that the risks surrounding bitcoin use in El Salvador have not necessarily shown themselves yet. However, the agency has reported it’s necessary to sta...
Is the IMF shutting the door prematurely on Bitcoin as legal tender?
There’s been little sunlight this crypto winter, so it may seem odd to present the “Bitcoin as legal tender” argument again. That is, will or should any country — other than El Salvador and the Centra...
The IMF Releases a Report on Jordan Preparations for a Central Bank
After the International Monetary Fund (IMF) has finished its technical assessment on the country’s markets, the Central Bank of Jordan is one step closer to taking the next step that is necessar...
IMF Urges Countries to Consider Banning Cryptocurrencies
During a meeting of the Group of Twenty (G20) that took place on February 25, United States Treasury Secretary Janet Yellen emphasized how important it was to develop a robust regulatory framework for...
Banning Crypto ‘Should Not Be Taken Off The Table’: IMF
Banning crypto shouldn’t be completely ruled out if they begin to pose higher risks to financial stability, according to the IMF managing director Kristalina Georgieva. “We are very much in favo...
IMF And US Support India’s Crypto Regulation Plans
Join Our Telegram channel to stay up to date on breaking news coverage It is not news that the Indian government’s relationship with cryptocurrency is that of animosity. The authorities love blockchai...
The IMF takes a stand on whether to regulate or ban crypto – Cryptopolitan
If you have spent enough time in the crypto industry, you are aware that the International Monetary Fund (IMF) has not been a friend to the DeFi industry. According to IMF Managing Director Kristalina...
IMF leans towards crypto regulation over just outlawing it
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), stated that the monetary body prefers regulating crypto assets over a complete prohibition at the recent G20 finance m...
FSB, IMF, and BIS to Provide Global Crypto…
The G20 announced that the Financial Stability Board (FSB), the International Monetary Fund (IMF), and Bank for International Settlements (BIS) would soon publish recommendations for establishing a gl...
IMF to prefer regulating crypto than banning it outright: Report
The International Monetary Fund would prefer to differentiate and regulate crypto assets rather than enforce an outright ban, though the nuclear option will remain on the table for now. Speaking on th...
IMF Director Consider Crypto Ban as an Option If Needed in Future
As cryptocurrencies stretch their presence to the layman’s reach, the concern for regulation over the burgeoning asset class is rising faster than ever. The International Monetary Fund Managing Direct...
IMF Sets Out Nine-Point Crypto Asset Action Plan
Join Our Telegram channel to stay up to date on breaking news coverage As a step towards regulating the cryptocurrency space, the International Monetary fund has created a nine-point action plan of ho...
FSB, IMF and BIS papers to set global crypto framework, says G20
The Financial Stability Board (FSB), the International Monetary Fund (IMF), and the Bank for International Settlements (BIS) will deliver papers and recommendations establishing standards for a global...
U.S. and IMF Buys Into India’s Crypto Regulation Talks
India’s attempt to regulate cryptocurrencies has gained support from the International Monetary Fund (IMF) and the United States. Reuters reported that India, the current president of the Group of 20 ...
IMF Released a Board Paper With a Framework for Crypto Assets
According to a recent press release, the Executive Board of the International Monetary Fund (IMF) discussed a board paper on February 8th, 2023. The board paper on Elements of Effective Policies for C...
India Asks IMF and FSB for Joint Paper to Help Formulate ‘Comprehensive’ Crypto Policy – Regulation Bitcoin News
India has asked the International Monetary Fund (IMF) and Financial Stability Board (FSB) to develop “a synthesis paper” on crypto assets as part of the G20 meeting of finance ministers and central ba...
IMF offers Jordan’s central bank recommendations for implementing retail CBDC
The Central Bank of Jordan is closer to its next step toward a retail central bank digital currency (rCBDC) with the completion of an International Monetary Fund technical report on the country’s mark...
IMF Calls for ‘More’ Crypto Regulation — Says Banning Should Be an Option – Regulation Bitcoin News
International Monetary Fund (IMF) Managing Director Kristalina Georgieva says crypto needs “more regulation.” She added, “We should not take off the table banning those assets,” if regulation fails or...
IMF hints at a template for global crypto policy – Cryptopolitan
The International Monetary Fund (IMF) board has rolled out new guidelines from which countries can choose how to develop their crypto policies. The body made the recommendations of its meeting public ...
Breaking! India Joins Forces With The US And IMF To Frame Country’s First-Ever Crypto Bill
India has seen a surge in cryptocurrency trading and investment in recent years. While the potential of cryptocurrency and blockchain technology is widely recognized, the Indian government has express...
IMF says no crypto as legal tender — Community disagrees
The International Monetary Fund (IMF) recently made another anti-crypto move, opposing crypto becoming a legal tender. In response, crypto community members quickly fired back and expressed disagreeme...
IMF commends Jordan’s CBDC development – Cryptopolitan
The International Monetary Fund (IMF) has released a technical report on its opinion on Jordan’s CBDC development. According to the report submitted by the international body, the country is on the ve...
IMF Board Offers Guidance for Developing Effective Crypto Policies – Regulation Bitcoin News
The executive board of the International Monetary Fund (IMF) has provided guidance for member countries to develop effective crypto policies. The board stressed the need to develop comprehensive crypt...
IMF Board ‘Generally Agreed’ Crypto Shouldn’t Be Legal Tender
“Directors agreed that strict bans are not the first-best option, but that targeted restrictions could apply” to limit crypto risks, though some board members think “outright bans should not be ruled ...
Bitcoin Price To Suffer? IMF Issues Crypto Action Plan
Bitcoin Price News: The global digital asset is trading under increased selling pressure due to continuous regulatory scrutiny launched by the Financial watchdogs. The cumulative market cap has declin...
IMF Directors Issue Crypto Warning, Call for Coordinated Policy Response To Protect Global Monetary System
The executive board of the International Monetary Fund (IMF) considers the rising adoption of crypto assets a threat to the global monetary system. According to the IMF, the directors agreed that digi...
IMF Provides Guidance On Crypto Policies, Says Crypto Assets Should Not Be Legal Tender
The International Monetary Fund (IMF) has released a board paper that provides guidance on how countries should draft appropriate policies in relation to cryptocurrencies. According to a press releas...
IMF Suggests That Crypto Should Not Be Legal Tender
On Thursday, the IMF sent a worrying signal to the ecosystem that cryptocurrencies should not be “legal tender.” On Thursday, the Executive Board of the International Monetary Fund (IMF) released a st...
Private Crypto Ban is a Pivotal Need for India: Comments IMF Chief
The IMF Chief told that there are disagreements over debt restructuring. Kristalina Georgieva commented that banning private crypto should be considered an option. She also told that CBDCs and stablec...