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International Monetary Fund
Why US Lawmakers Are Considering Legislation on El Salvador’s BTC Adoption
A new bill titled the Accountability for Cryptocurrency in El Salvador (ACES) Act has been presented in the U.S. House of Representatives by a bipartisan group of regulators. “The Hash” panel discusses the legislation's intention to protect the U.S. economy from El Salvador's bitcoin adoption while also touching on concerns raised by global financial institutions like the International Monetary Fund (IMF).
Argentina Approves IMF Debt Deal Discouraging Crypto Use
Argentina’s Senate has approved a $45 billion debt deal with the International Monetary Fund (IMF) that includes a provision about discouraging the use of cryptocurrency in the country.
El Congreso argentino aprueba un acuerdo sobre la deuda del FMI que desalentaría el uso de Cripto.
El préstamo de 45 mil millones de dólares fue aprobado por el Senado el jueves por la noche, una semana después de que lo aprobara la Cámara de Diputados.
Senado argentino votará acuerdo con el FMI que desalienta el uso de criptomonedas
La carta de intención fue firmada por ambas partes el 3 de marzo y ya aprobada por la Cámara de Diputados.
IMF: Bitcoin Should Not Be Legal Tender in El Salvador
The International Monetary Fund (IMF) stated bitcoin should not be used as legal tender in El Salvador, saying its plans to acquire more BTC will require a “very careful analysis” of implications for its financial stability. It also questioned President Nayib Bukele’s announcement of a $1 billion bitcoin-backed bond.
Bitcoin no debería ser moneda de curso legal en El Salvador: FMI
La institución financiera dijo que los planes del país centroamericano para adquirir más Bitcoin requerirán un “análisis muy cuidadoso” de las implicaciones para su estabilidad financiera.
El FMI considera la criptografía como una amenaza para la economía mundial
En su Informe semestral sobre estabilidad financiera mundial, el FMI afirma que la adopción de una Criptomonedas como moneda nacional “conlleva riesgos significativos y es un atajo desaconsejable”.
IMF Says It Has Legal and Economic Concerns as El Salvador Makes Bitcoin Legal Tender
A spokesperson for the International Monetary Fund (IMF) said El Salvador’s plans to adopt bitcoin as legal tender raises “macroeconomic, financial, and legal issues.” The team for “The Hash” considers the potential impact of IMF’s signals of resistance and the influence IMF holds over developing countries.
What Does It Mean When Bank Regulators, IMF, US Lawmakers Caution Against Bitcoin?
The Basel Committee is asking banks to increase capital requirements for bitcoin exposure, and the International Monetary Fund (IMF) is cautioning against bitcoin risks. U.S. lawmakers are also critical of bitcoin, with Massachusetts Senator Elizabeth Warren urging the government to confront crypto threats “head-on.”
Crypto Cannot 'Serve the Function of Money' Due to Volatility, Senior IMF Official Says
The International Monetary Fund has mixed views about cryptocurrencies. Tommaso Mancini-Griffoli of IMF says the organization sees them as investment assets rather than an alternative to fiat money due to volatility. Mancini-Griffoli joins "First Mover" to discuss the financial reasons why the IMF thinks people are drawn to crypto and shares his thoughts on how China's CBDC project will impact the global financial system.