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IMF
BIS, IMF, World Bank Say Central Banks Must Consider Cross-Border Implications of CBDCs
Central banks are focusing on domestic CBDC use, even though the implications go beyond borders.
US Diplomat Voices Hope for Resolution in IMF, El Salvador Financing Tensions: Report
Victoria Nuland, U.S. undersecretary for political affairs, met with President Nayib Bukele on Wednesday.
Singapore’s Central Bank, IMF Launch Global Challenge for CBDC Solutions
The Monetary Authority of Singapore’s “Global CBDC Challenge” will be supported by Amazon Web Services, Mastercard, Hyperledger and others.
Week in Review: El Salvador's Currency Law and International Ramifications, U.S. Lawmakers Put Bitcoin on Trial, China's BTC Mining Crackdowns and More
Taking a look at this past week's stories making waves in the cryptocurrency space: El Salvador adopting bitcoin as legal tender, the IMF's cautious warning, and various U.S. lawmakers questioning bitcoin's volatility. Plus, an update on China's bitcoin mining crackdowns.
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.”
El Salvador's Bitcoin Bill Raises 'Issues': IMF Spokesperson
Gerry Rice said El Salvador's plan to adopt bitcoin as legal tender raises "macroeconomic, financial and legal issues."
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.
IMF Official: ‘A World With More Than One Reserve Currency Is a More Stable World’
Tommaso Mancini-Griffoli said we already live in a world with more than one reserve currency, but also that crypto was too young and volatile to be a global reserve.
IMF Wants More Crypto Supervision in the Philippines
Crypto exchanges in the Philippines are in the crosshairs of the International Monetary Fund. The IMF warns the country’s financial sector status could diminish if exchanges are left unchecked and potentially abused for financial crimes. That as China extends tests of its digital currency to its free trade zone, Hainan Province.