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IMF Report on El Salvador’s Bitcoin Adoption: Risks Averted, but Transparency Needed

IMF Report on El Salvador’s Bitcoin Adoption: Risks Averted, but Transparency NeededAccording to a recent mission statement published by the International Monetary Fund (IMF), El Salvador has adopted bitcoin as legal tender and has avoided risks so far. The IMF states that the risks have not materialized due to the limited use of bitcoin. However, the United Nations financial agency warns that if its legal tender […]

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

South African Banking Regulator: ‘De-risking’ Crypto Firms Potentially Creates ‘Opacity in Financial Conduct’

South African Banking Regulator: ‘De-risking’ Crypto Firms Potentially Creates ‘Opacity in Financial Conduct’According to the latest guidance note issued by the South African banking sector regulator, Prudential Authority, risk assessment does not mean financial institutions should avoid or eliminate risks via the wholesale termination of client relationships with entities such as crypto asset service providers. Instead, the regulator wants financial institutions to only consider “de-risking” when the […]

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets