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International Monetary Fund
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 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.
Global Stablecoins Could Eventually Become Reserve Currencies: IMF Paper
The IMF paper suggests the U.S. dollar's role as the dominant reserve currency is safe for now, but private digital currencies could come to compete in time.
IMF Official: Central Banks Need to Compete With Crypto
An IMF official believes central banks need to offer "better" fiat currencies in order to fend off potential competition from cryptocurrencies.
Ex-IMF Economist: Bitcoin Could Drop to $100 in the Next Decade
Economist Kenneth Rogoff said Tuesday that he expects bitcoin's price will decrease by 2028.
IMF Chief Lagarde: Global Cryptocurrency Regulation Is 'Inevitable'
Christine Lagarde, head of the International Monetary Fund, has stated that international regulatory action on cryptocurrencies is "inevitable."
IMF's Lagarde: Ignoring Cryptocurrencies 'May Not Be Wise'
Cryptocurrencies and their potential for growing use shouldn't be ignored, according to IMF chief Christine Lagarde.
