The White House announced Thursday that President Joe Biden has decided to nominate Ajay Banga, a former CEO of MasterCard, to lead the World Bank In a statement, Biden said that Banga will be able to...
Tag: IMF
Crypto should not be given official currency, legal tender status – IMF
Ad The International Monetary Fund (IMF) warned that giving cryptocurrencies the status of legal tender or official currency could lead to adverse effects on the monetary sovereignty and stability of ...
IMF Official Sees Fundamental Conflict Between Banking & Crypto
In a recent interview, Tobias Adrian, director of monetary and capital markets at the IMF, claimed a fundamental conflict between conventional banking regulation techniques and the crypto sector. Adri...
IMF wants El Salvador to reconsider Bitcoin exposure: Community reaction
After a visit to El Salvador, the International Monetary Fund (IMF) suggested the country reconsider its plans to increase exposure to Bitcoin (BTC). The community responded to the IMF’s suggestion wi...
El-Salvador Ignores IMF, Set to Open Second ‘Bitcoin Embassy’ in the US ⋆ ZyCrypto
Advertisement     El Salvador has disclosed plans to move a step further on its bitcoin adoption plans with the set up of a new Bitcoin embassy in Texas. Milena Mayorg...
IMF worried about El Salvador if use of Bitcoin grows
The IMF states that bitcoin risks have not materialised so far, but warns the El Salvadoran government against the risks of seeking more exposure to it. IMF visits El Salvador The International Moneta...
IMF Warns El Salvador Against Using Tokenized Securities to Fund Bitcoin Purchases ⋆ ZyCrypto
Advertisement     The International Monetary Fund (IMF) has cautioned El Salvador against using tokenized bonds to fund Bitcoin purchases and urged it to reconsider it...
IMF Lays Into El Salvador for Bitcoin Bond Decisions
The IMF criticized El Salvador for its decision to make Bitcoin legal tender in a statement published about the country’s economy. The International Monetary Fund (IMF) has issued a critical statement...
El Salvador’s ‘limited’ use of Bitcoin prevents forecasted risks, says IMF
The global monetary watchdog has advised El Salvador to exercise caution in expanding government exposure to Bitcoin (BTC) due to the “speculative nature” of crypto markets. A Feb. 10 statement from t...
IMF issues warning on El Salvador’s Bitcoin experiment amid calls for greater transparency
Ad El Salvador’s embrace of Bitcoin has yet to realize any initially predicted risks. However, greater transparency and attention are still needed, that is, according to a statement by the Internation...
IMF Calls For Addressing of Risks Post Assessment of El Salvador
Bitcoin News The IMF warns that “risks should be addressed” as it relates to bitcoin adoption. The government has been consistently investing in bitcoin and adding to its national wealth. The Internat...
IMF: El Salvador’s Bitcoin Adoption Risks Are Yet To Materialize
IMF believes El Salvador’s bitcoin risks need attention. El Salvador has invested $103M in BTC with over $51 million in losses. Last year, the country sought $500 from legislators million to buy Bitco...
El Salvador’s bitcoin risks ‘have not materialized,’ IMF says
The International Monetary Fund said the risks of El Salvador’s bitcoin adoption “have not materialized” — primarily thanks to its “limited” use — but caution is warrante...
IMF Head Warns American Consumers Would Suffer If US Defaulted
(Bloomberg) — A US debt default would cause a spike in borrowing costs that squeezes American consumers as well as significant harm to the world economy, International Monetary Fund Managing Dir...
India Reveals IMF Is Working With G-20 for Crypto Regulations
“Whilst recognizing the central bank as the authority for issuing crypto currency, the rest of the assets which are being created outside which are using very useful financial technologies, even...
India States IMF is Working with G20 for Crypto Regulation plan
Indian EA official Ajay Seth revealed that the IMF is working on a paper focussing on crypto assets in consultation with India. Indian government is helping Financial Stability Board to ensure that th...
China’s real estate crisis isn’t over yet, IMF says
China’s real estate market has slumped in the last two years after Beijing cracked down on developers’ high reliance on debt for growth. Future Publishing | Future Publishing | Getty Image...
IMF forecasts UK recession, the only advanced economy set to contract in 2023
On a recent episode of the Invezz podcast, I pondered with a market strategist about the conundrum we are in at the moment. Namely, is a recession coming? The IMF waded into the debate Tuesday. It for...
The Fed Is Poised To Hike Interest Rates Again. Is It Enough To Keep Away A Recession?
(Photo by Samuel Corum/Getty Images) Getty Images Key takeaways The Fed is expected to introduce a 0.25% interest rate hike today, bringing the target up to 4.75% Inflation is already showing signs of...
IMF projects global growth at 2.9%; Disinflation to bring little comfort
The International Monetary Fund’s latest projections have revised global growth prospects down to 2.9% YoY for 2023, from 3.4% in 2022. However, the latest estimate follows an improvement from 2.7% in...
IMF hikes global growth forecast as inflation cools
The IMF has revised its global economic outlook upwards. Norberto Duarte | Afp | Getty Images The International Monetary Fund on Monday revised upward its global growth projections for the year, but w...
IMF blog post highlights concerns on crypto
The IMF has published a blog post laying out its view on the perceived risks that crypto poses for the global financial system. The IMF has warned time and time again of the dangers that the cryptocur...
IMF Recommends 5-Point Crypto Regulation Scheme
As global influencers rubbed elbows at Davos, the IMF issued recommendations for crypto to global regulators. Depending on who you ask, crypto regulation could hurt the industry or open up vast new ma...
Crypto Regulations Needed to Avoid Effect on Traditional Finance, States IMF Officials
Cryptocurrencies, given their infancy stage and relatively less user base, are prone to volatility and instability in their value. Since the inception of the first cryptocurrency in the world, Bitcoin...
IMF Chief Predicts A Recession For Developing Countries In 2023
AFP via Getty Images Key takeaways: IMF Managing Director Kristalina Georgieva is predicting that one-third of the world’s economies will slip into recession in 2023, with the biggest impacts being fe...
IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance – Regulation Bitcoin News
An International Monetary Fund (IMF) division chief and deputy managing director are calling for more action to be taken in the regulatory aspect to avoid crypto’s ups and downs affecting banks and tr...
CBDCs are Different from Cryptocurrencies; Says IMF Executive
IMF Executive spoke to Shekhar Gupta and Sharad Raghavan at The Print’s ‘Off The Cuff’ show. He lectured on the necessity of distinguishing between cryptocurrencies and the CBDCs. The role of central ...
IMF calls for stiffer regulations in African crypto market
The International Monetary Fund (IMF) renewed calls for better consumer protection and regulation of the cryptocurrency industry after the FTX collapse and subsequent plunge in the prices of BTC, ETH,...
Global Recession Is Coming, Warns IMF Chief – What is Means For Cryptocurrency Market
The International Monetary Fund (IMF) is an international organization with 190 member countries. They cooperate in an effort to stabilize the world economy. By tracking economic and financial events,...
IMF Head Warns Of Major Recession, What It Means For Bitcoin
While the Bitcoin and crypto markets are still dealing with the aftermath of the FTX collapse, IMF chief Kristalina Georgieva is warning of a global collective recession that will affect one-third of ...