Nations like Russia and Iran may utilize cryptocurrency mining to monetize their energy resources and circumvent sanctions, the International Monetary Fund predicts in a report. Repercussions of the w...
Tag: IMF
IMF says sanctioned countries could turn to crypto mining activities
The International Monetary Fund (IMF) has warned that Russia could mine Bitcoin and other cryptocurrencies to avoid the Western sanctions. Boosting mining industries in Russia could pave the way for t...
IMF identifies crypto regulation as priority issue for India as finance minister warns of threats
As cryptocurrencies become more popular and widespread as an alternative to traditional forms of payment, governments and organizations around the world scramble over how these new assets are to be pu...
IMF Report: DeFi Poses Risks to Financial Markets, Needs Regulation
The International Monetary Fund (IMF), in its latest Global Financial Stability report, marks DeFi as a concern for global markets. The IMF believes that it poses financial stability risks and require...
IMF Calls for Global Govts to Keep a Check on Crypto
The International Monetary Fund (IMF) has advised international decision-makers to keep a check on crypto, following deepening concerns highlighted by the war in Ukraine, The Block reported. The IMF i...
IMF Says China’s Outflows Show Deepening Divergence With U.S.
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Investor outflows from China reflect a deepening divergenc...
Russia Could Mine Bitcoin and Other Cryptocurrencies to Evade Sanctions, IMF Warns
Russia could use cryptocurrency mining to evade sanctions, according to the IMF. The IMF warned in its new report that sanctioned countries like Russia could use cryptocurrencies and significantly boo...
IMF global financial stability report sees complex roles for cryptocurrency, DeFi
According to the International Monetary Fund’s Global Financial Stability report released Tuesday, the war in Ukraine — following hard on the heels of the coronavirus pandemic — has led to a tig...
IMF still trying to pin Russian sanctions evasion on crypto
The IMF has doggedly continued to accuse the crypto sector as a place where Russia can dodge the sanctions imposed on it by the Western alliance. From anonymising tools to crypto mining, the IMF appea...
IMF Says Adoption of Crypto Could Undermine Political Power, Urges ‘Global Standards’
The International Monetary Fund (IMF) is warning against the dangers of unregulated crypto in a newly released report. In the new Global Financial Stability Report, the IMF suggests that domestic poli...
IMF Sounds Alarm On ‘Significant Slowdown’ As Ukraine War And Inflation Slam Global Economies
Topline The International Monetary Fund warned on Tuesday that global economic growth will be “severely set back” by the fallout from Russia’s war with Ukraine, the effects of which will be felt “far ...
IMF says crypto could be used to hide corruption proceeds
The International Monetary Fund (IMF) is calling for a clear regulatory framework for the digital asset sector. Currently, the crypto market sector has a valuation of above $2 trillion, and the sector...
Crypto Use Is More Rampant In Corrupt Countries, IMF Study Shows
The International Monetary Fund has recommended for increased regulation of the cryptocurrency trade, citing the widespread use of digital assets in nations deemed corrupt or with severe financial res...
IMF Study: Crypto Use is Higher in Corrupt Countries
The International Monetary Fund (IMF) has called for more regulation concerning the crypto industry, pointing to the prevalent use of these digital assets in countries that can be considered to be cor...
IMF study finds crypto use prevalent in corrupt countries
TL;DR Breakdown An IMF study indicates high rates of crypto adoption in corrupt nations worldwide. The study stresses crypto regulation and investors’ protection. According to a new IMF study, crypto...
Indian Government in contact with world bank IMF for new Crypto Policy –
The Indian government is working with the International Monetary Fund (IMF), the World Bank, and Indian regulators to develop its crypto policy. “Both inside and beyond the country, we’ve reached out ...
Russia-Ukraine War Will Boost the Adoption of Crypto Assets, According to the IMF
A managing director at the International Monetary Fund (IMF) reportedly thinks that increased use of cryptocurrencies could be one consequence of the war between Russia and Ukraine. In a new Financial...
Indian Government Consulting With IMF, World Bank on Crypto Policy – Regulation Bitcoin News
India’s government is consulting with the International Monetary Fund (IMF), the World Bank, and Indian regulators in order to form the country’s crypto policy. “We have reached out to institutional s...
IMF States Sanctions Against Russia Might Dampen USD’s Supremacy and Increase Crypto Usage – crypto.news
The unprecedented financial sanctions against Russia, which froze most of Russia’s overseas assets, threaten to reduce the dollar’s dominance with time, as per IMF. The US and its allies slapped Russi...
IMF Warns Russia Sanctions Threaten to Undermine US Dollar Dominance – Finance Bitcoin News
Financial sanctions imposed on Russia over its invasion of Ukraine may result in reduced dominance of the U.S. currency, according to a high-ranking official at the International Monetary Fund (IMF). ...
Crypto Gaining Steam, Despite Russian Sanctions, Says IMF Top Official
The U.S. dollar (USD) risks possible erosion as sanctions placed on Russia seem to be inspiring stronger crypto adoption, according to a top IMF official on Thursday. Gita Gopinath, first deputy direc...
Max Keiser claims IMF false flag in El Salvador is attempting to destabilize Bitcoin
Commenting on the wave of gang violence that has swept El Salvador, Bitcoin maximalist Max Keiser claims this is a false flag event by the International Monetary Fund (IMF). He added that it’s a “piti...
IMF Says Current Development Is Not Enough On Crypto Regulations
IMF (International Monetary Fund) states that there is much more work to do regarding cryptocurrency regulations. A surge was witnessed recently in terms of digital asset utilization before Putin unle...
IMF Warns India Against Crypto Adoption
The International Monetary Fund (IMF) recently flagged several risks over allowing the use of cryptocurrencies as legal tender. The fund is currently helping India draft a comprehensive crypto policy....
Morocco Central Bank Discusses Crypto Regulation Best Practices With IMF and World Bank – Regulation Bitcoin News
The Moroccan central bank is currently holding talks with multilateral lending institutions and other central banks, centered on establishing cryptocurrency regulation best practices. Inevitable Adopt...
IMF Strongarms Argentina to Discourage Cryptocurrency Use
The IMF has leveraged a $45 billion debt restructuring deal to demand the Argentinian government ‘discourage the use of cryptocurrencies’. The demand has outraged bitcoin holders in Argentina, who use...
Argentina`s government approves $45 billion IMF debt deal
TL;DR Breakdown Argentina approves a $45 billion debt deal with the IMF. The deal stands to discourage the use of cryptocurrencies in the country. IMF unwavering stand on the crypto sector. The IMF, o...
Argentina’s government would ‘discourage’ crypto usage under proposed IMF deal
Argentina’s government has signaled it will discourage the use of cryptocurrencies as part of a proposed, nearly $45 billion debt restructuring deal with the International Monetary Fund (IMF), leaving...
Argentinians Criticize IMF Requirement to Slow Down Crypto Adoption in the Country
Many believe that this hints at the establishment of regulations and measures which could slow the rise in adoption cryptocurrencies Crypto Community is already trying to understand the possible reper...
Argentinians Criticize IMF Requirement to Slow Down Crypto Adoption in the Country – Coinotizia
Argentinian citizens involved in the cryptocurrency industry are criticizing a perceived anti-crypto requirement that the recent deal made with the IMF has introduced. The deal, which restructures and...