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IMF
Stablecoin Issuers, Conglomerates Targeted by IMF After Crypto's 'Rough Year'
A "rough year" for crypto markets has underlined the need for comprehensive and consistent regulation of the sector, the International Monetary Fund (IMF) said in a new report, suggesting stablecoin issuers and crypto conglomerates need to have bank-style capital requirements. "The Hash" panel discusses how this might shape future crypto regulation across the globe.
Global Crypto Rules to Be Grounded on Coming FSB and IMF Synthesis Paper, India Says After G20 Meetings
The basis of coming global crypto rules will be formed on a new synthesis paper, jointly produced by the International Monetary Fund (IMF) and the Financial Stability Board (FSB), announced India as the holder of the Group of 20 (G20) Presidency in Bangalore on Saturday. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses what to expect.
Bitfy CEO on Brazil's Largest Public Bank Enabling Tax Payments to Be Made With Crypto
Banco do Brasil (BB), Brazil’s largest public bank, has enabled the payment of taxes with cryptocurrencies. The service is only available to customers with crypto deposited with Bitfy, a startup specializing in blockchain solutions in which BB's corporate venture capital arm has invested. Bitfy CEO and Founder Lucas Schoch shares insights into the initiative and the state of crypto adoption in Brazil. Plus, reactions to the International Monetary Fund’s (IMF) Executive Board stating cryptocurrency should, in general, not be granted legal tender status.
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.
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.
Що МВФ може навчити Binance про фінансову допомогу Крипто
Після фіаско FTX найбільша у світі Крипто поспішає підтримати фірми та протоколи, що зазнають збою. Чи варто?
IMF Official on Crypto Sell-Off and ‘Gloomy’ Economy
Crypto market collapses aren’t a worry for global financial stability, the International Monetary Fund (IMF) said Tuesday in a report that nonetheless raised grave concerns about the global economy.