In a July 26 report, the International Monetary Fund (IMF) refuted the idea that the crypto losses of the past few months will spill over to traditional finance. Instead, it leans towards fears of rec...
Tag: IMF
Stablecoins Backed by “Risky Assets,” IMF Exec Warns
Key Takeaways Tobias Adrian, a director at the International Money Fund (IMF), says that certain fiat-backed stablecoins could fail. He warned today that some fiat-backed stablecoins, such as Tether, ...
IMF Issues Warning, Says Recession To Drag Down Crypto and Spark Stablecoin Chaos: Report
An official from the International Monetary Fund (IMF) says that there could be further drops in both the equities and crypto markets in the near future. In a new interview with Yahoo Finance, Tobias ...
IMF recession warning sees Bitcoin dip under $21K amid fresh $1M BTC price forecast
Bitcoin (BTC) fell below $21,000 for the first time in eight days on July 26 as Wall Street prepared for a decision on United States’ anti-inflation policy. BTC/USD 1-hour candle chart (Bitstamp...
The IMF undermines crypto crash effects on the global economy
It’s no secret that the IMF has worked hard to undermine the value of cryptocurrency. In recent months, global finance has been discussed in terms of recession. The crypto winter is still going strong...
Bitcoin Breaches Past $21,000 After IMF Clarifies Crypto Doesn’t Threaten Financial System
Bitcoin investors heaved a sigh of relief on Wednesday as the popular crypto abruptly reversed course and surpassed the $21,000 threshold as Asian trading hours began, Wednesday. Since the Internation...
Crypto crash did not adversely affect broader financial system, IMF says
The International Monetary Fund (IMF) said the recent crypto market crash posed no threat to the wider financial stability of the world economy. The July 26 report “Gloomy and More Uncertain” states ...
IMF Warns Of ‘Gloomy Outlook’ For Global Economy, Slashing Growth Estimates
Topline The International Monetary Fund warned on Tuesday of a slowdown in global economic growth as the world economy continues to take a hit from “increasingly gloomy developments in 2022,” includin...
IMF rules out crypto market threat to broader financial sector stability
The International Monetary Fund (IMF) has stated that the growth of cryptocurrencies does not threaten global financial stability while noting that the recent sell-off has slowed down any concerns. In...
Central Bank Digital Currencies And Freedom Are Incompatible
Eswar Prasad, professor of trade policy at Cornell University, arrives for dinner during the Jackson … [+] Hole economic symposium, sponsored by the Federal Reserve Bank of Kansas City, in Moran...
Ghana Changes Mind on IMF Bailout Days After Residents Staged Protests Against Worsening Economic Situation – Coinotizia
The Ghanaian government has reportedly changed its mind and will now seek a financial rescue package from the International Monetary Fund (IMF). The decision comes just a few days after residents took...
Ghana Changes Mind on IMF Bailout Days After Residents Staged Protests Against Worsening Economic Situation – Bitcoin News
The Ghanaian government has reportedly changed its mind and will now seek a financial rescue package from the International Monetary Fund (IMF). The decision comes just a few days after residents took...
IMF: Nine Out Of Thirteen African Countries In Research Stage Of CBDCs Execution
Various countries globally are making CBDCs a major part of discussions. A lot of African countries are at various stages of establishing a CBDC. The South African Reserve Bank is experimenting with ...
Morocco to Begin Talks With IMF, World Bank on Regulating Crypto
Morocco is building out a regulatory framework for crypto with the help of established industry players. The central bank announced yesterday that it had begun talks with the International Monetary Fu...
Bitcoin Consumes Million Times More Energy Than Credit Cards: IMF Report
Alex Dovbnya The IMF has taken aim at Bitcoin’s energy use in its new report According to a new report published by the International Monetary Fund, Bitcoin, the world’s largest cryptocurrency, ...
IMF says CBDC designs should focus on environmental-friendliness
The digital asset sector has recorded massive growth over the past few years. However, within this time, there have been concerns over the energy consumption of proof-of-work consensus networks like B...
IMF Suggests CBDCs To Include Compliance And User-Friendly Payment Features
International Monetary Fund (IMF) took a broad step in recommending creating a payment system with eco-friendly practices. It undertook a study on energy consumption based on the consensus mechanisms ...
IMF recommends eco-friendly CBDCs and non-PoW mechanisms for payments
An International Monetary Fund study on energy consumption has reveale the importance of design choices within the crypto ecosystem to build an environmentally friendly mainstream payment system. In t...
India’s RBI deputy governor to IMF
In discussion with the International Monetary Fund (IMF), T Rabi Sankar, the deputy governor of the Reserve Bank of India (RBI), reflected an anti-crypto stance as he spoke about India’s potential to ...
Crypto Consultation Paper in Cooperation With IMF in Works as India Eye Regulation
3 hours ago | 2 mins read Editors News Uncertain regulations have made it difficult for the Indian crypto business to function. Crypto is a worldwide concern that requires “collective and synchronised...
India consults with World Bank and IMF in order to be in line with global crypto regulations
The Indian government has been working on a consultation paper on how to regulate cryptocurrencies. The World Bank, IMF, stakeholders and other interested parties have been part of the consultation. ...
India Is Working With IMF On The Crypto Regulation Paper
The Indian Government reportedly will decide and finalise the crypto consultation paper. This consultation paper will comprise inputs from other stakeholders and institutions such as The World Bank an...
India cooperates with IMF on crypto consultation paper
The Department of Economic Affairs of India is finalizing a consultation paper on crypto currencies, which then will be handed over to the federal government. The implementation of the document could ...
Pakistan Says It’s Shut Out of Bond Markets With IMF Only Resort
(Bloomberg) — Pakistan’s government is unable to secure funding from the global bond market and commercial banks, making it even more important to secure an agreement with the International Mone...
IMF Chief Warns of Terra Crash, Calls it as Pyramid Scheme
While the heat with respect to the Terra protocol collapse is cooling off, global experts, including the International Monetary Fund (IMF) Managing Director Kristalina Georgieva waded in to express he...
IMF Favours Launch of More CBDCs in Coming Years, Says Bitcoin Is Not Money
IMF executives see CBDCs setting up a strong system of global financial payments in the next three-to-five years. IMF chief recommends not shunning the entire crypto space because of Terra’s collapse....
IMF Managing Director Showered Appreciation Towards Cryptocurrencies at WEF
2 hours ago | 2 mins read Bitcoin News She also joked about the “hate tweets” she got when the IMF voiced an objection. According to her, the President of El Salvador Nayib Bukele made the “sovereign ...
Don’t Leave Crypto Says IMF Chief – Trustnodes
The sentiment in crypto is so atrocious that the International Monetary Fund (IMF) itself is seemingly coming to its aid. Speaking at the World Economic Forum (WEF), IMF’s chair and managing director ...
IMF: implosion risk for non-collateralized stablecoins
International Monetary Fund (IMF) Director Kristalina Georgieva recently warned against less robust crypto projects and improperly collateralized stablecoins. Georgieva represents the IMF at the World...
IMF, Bank of France officials believe more CBCDs will emerge in next three to five years
The Governor of the Bank of France François Villeroy de Galhau said that the world might see a strong central bank digital currency emerge in the next three years. Galhau was asked during a panel at t...
IMF Chair Advises Against Ditching Crypto After Terra Crash
International Monetary Fund (IMF) Chair Kristalina Georgieva during the World Economic Forum’s annual meeting on Tuesday said the collapse of Terra’s algorithmic stablecoin UST should not make people ...