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IMF
US Regulators Warn Banks About Crypto Liquidity Risks; IMF Board ‘Generally Agreed’ Crypto Shouldn’t Be Legal Tender
The Federal Reserve and other U.S. banking agencies are warning banks that crypto poses significant liquidity dangers. Separately, the International Monetary Fund’s (IMF) Executive Board said in a statement that cryptocurrency should, in general, not be granted legal tender status.
IMF Board 'Generally Agreed' Crypto Shouldn't Be Legal Tender
Outright crypto bans aren’t ideal but shouldn’t be ruled out, the International Monetary Fund leadership said.
Asobitcoin President on El Salvador’s Bitcoin Experiment
El Salvador’s bitcoin experiment continues as President Nayib Bukele paid off the country's $800 million maturing bond issue in late January. Will Hernandez, president of the Bitcoin Association of El Salvador, discusses the current state of bitcoin adoption in the country and the key initiatives at Asobitcoin. Plus, his take on El Salvador's plans to build a Bitcoin Embassy in Texas and his reaction to IMF calling for greater transparency.
Paxos To Stop Minting BUSD After Regulatory Action; IMF Issues Warning Over El Salvador’s Bitcoin Experiment
Stablecoin issuer Paxos will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS), with the news coming just after a report of the threat of legal action from the U.S. Securities and Exchange Commission (SEC). The International Monetary Fund (IMF) has warned that bitcoin's risks in El Salvador should be addressed. Shares of Hut 8 Mining continue to slide after agreeing to merge with U.S. Bitcoin Corp last week.
India Reveals IMF Is Working With G-20 for Crypto Regulations
Ajay Seth, secretary, Department of Economic Affairs, said crypto assets are not illegal in the country.
What the IMF Can Teach Binance About Crypto Bailouts
In the aftermath of the FTX fiasco, the world’s largest crypto exchange is rushing to backstop failing firms and protocols. Should it?
IMF’s Georgieva Warns Central Banks to Hoard Reserves, Follow Fed Hikes
The official's comments might be relevant to bitcoin traders because the largest cryptocurrency has proven to correlate with the dollar's strength in foreign-exchange markets.
Crypto Needs ‘Global Regulatory Framework,' IMF Says
The longer it takes international regulators to form a game plan for regulating crypto, the more likely it is that regulation will be locked in at a fragmented, national level, warned the IMF on Tuesday.
