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International Monetary Fund
IMF Says Capital Control Powers Should Include Crypto
The financial stability watchdog is the latest to worry that digital assets are being used to evade sanctions on Russia.
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.
Argentine Congress Approves IMF Debt Deal That Would Discourage Crypto Usage
The $45 billion loan was approved by the Senate on Thursday night, one week after the Chamber of Deputies passed it.
Argentine Senate to Vote on IMF Agreement Discouraging Use of Cryptocurrencies
The letter of intent was signed by both parties on March 3 and already approved by the Chamber of Deputies.
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 Should Not Be Legal Tender in El Salvador: IMF
The financial institution said the Central American country’s plans to acquire more bitcoin will require a “very careful analysis” of implications for its financial stability.
IMF Views ‘Cryptoization’ as Threat to Global Economy
In its semi-annual Global Financial Stability Report, the IMF says the adoption of a cryptocurrency as national currency “carries significant risks and is an inadvisable shortcut.”
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.”