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IMF Says Crypto and Central Banks Could Set the Stage for Rich and Diverse Monetary Ecosystem – Here’s How

IMF Says Crypto and Central Banks Could Set the Stage for Rich and Diverse Monetary Ecosystem – Here’s How

The International Monetary Fund (IMF) says that collaboration between central banks and crypto technology could create an innovative and efficient monetary ecosystem. In a new report written by executives from the Bank for International Settlements (BIS), the IMF says the technology behind digital assets and the trust that the public have in central banks together […]

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

IMF Bailout Approval Helps Zambian Kwacha Take the Russian Ruble’s Position as World’s Best Performing Currency

IMF Bailout Approval Helps Zambian Kwacha Take the Russian Ruble’s Position as World’s Best Performing CurrencyAfter the International Money Fund revealed it had approved a bailout package for Zambia, the Southern African country’s currency, the kwacha, rallied by 3.1%. Following this gain, the kwacha took the Russian ruble’s position as the world’s best-performing currency in 2022. Zambia Still ‘Has a Long Way to Go’ The Zambian kwacha currency, which currently […]

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

Latest Ghana Inflation Rate the Highest in 19 Years — Economist Recommends Installation of Currency Board

Latest Ghana Inflation Rate the Highest in 19 Years — Economist Recommends Installation of Currency BoardGhana’s ongoing economic woes appeared to worsen in July after data from the country’s statistical agency, Ghana Statistical Service, suggested that the inflation rate is now nearly 31.7%. The nearly 2% increase in the country’s inflation rate comes at a time when the local currency is reported to have depreciated by as much as 30% […]

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

Report: IMF Warns Kenyan Central Bank Against Introducing a CBDC That Harms Fintechs and Banks

Report: IMF Warns Kenyan Central Bank Against Introducing a CBDC That Harms Fintechs and BanksThe global lending institution, the International Monetary Fund (IMF) has told the Kenyan central bank that its proposed digital shilling must “do no harm” to existing private sector digital money. The lender insisted the proposed central bank digital currency (CBDC) must “not stifle such welcome digitalisation developments by taking away customers of banks and other […]

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

IMF Predicts Latam to Grow 3% This Year, Despite Facing Economic Deceleration and Rising Inflation

IMF Predicts Latam to Grow 3% This Year, Despite Facing Economic Deceleration and Rising InflationThe International Monetary Fund is predicting that Latin America (Latam) will keep growing this year, reaching a growth rate of 3% even with all of the difficulties that the region is facing. The institution believes that the economic recovery that Latam is enjoying after the Covid-19 pandemic will be decelerated by several factors, including the […]

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

IMF Issues Warning, Says Recession To Drag Down Crypto and Spark Stablecoin Chaos: Report

IMF Issues Warning, Says Recession To Drag Down Crypto and Spark Stablecoin Chaos: Report

An official from the International Monetary Fund (IMF) says that there could be further drops in both the equities and crypto markets in the near future. In a new interview with Yahoo Finance, Tobias Adrian, director of monetary and capital markets for the IMF said the stablecoin sector, in particular, could be vulnerable in such […]

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

International Monetary Fund to Assist El Salvador in Compiling Bitcoin Adoption Statistics

International Monetary Fund to Assist El Salvador in Compiling Bitcoin Adoption StatisticsThe International Monetary Fund has mentioned it is providing technical assistance to the government of El Salvador in various ways. According to Gerry Rice, a spokesperson for the organization, the group is having talks with people of the Salvadoran government about tax and money laundering matters, including critical issues that the IMF raised in earlier […]

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

Central Africa Republic’s Bitcoin Adoption: The Real Work Must Start Now

Central Africa Republic’s Bitcoin Adoption: The Real Work Must Start NowThe Central Africa Republic (CAR)’s surprise bitcoin adoption decision once again shows that the top cryptocurrency can be an alternative to fiat currency. However, the African country still needs to invest heavily in its telecommunications infrastructure. The CAR also needs to prioritize education that helps the population to familiarize itself with cryptocurrency basics. The CAR’s […]

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IMF Concerned About Central African Republic’s Decision To Adopt Bitcoin (BTC) As Legal Tender: Report

IMF Concerned About Central African Republic’s Decision To Adopt Bitcoin (BTC) As Legal Tender: Report

The International Monetary Fund (IMF) is concerned about the Central African Republic’s recent decision to adopt Bitcoin (BTC) as legal tender. The IMF tells Bloomberg in a new email that the decision “raises major legal, transparency, and economic policy challenges” for the CAR. “IMF staff are assisting the regional and Central African Republic’s authorities in […]

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

IMF Says Adoption of Crypto Could Undermine Political Power, Urges ‘Global Standards’

IMF Says Adoption of Crypto Could Undermine Political Power, Urges ‘Global Standards’

The International Monetary Fund (IMF) is warning against the dangers of unregulated crypto in a newly released report. In the new Global Financial Stability Report, the IMF suggests that domestic policymakers should develop globally-minded regulations of the disruptive but growing blockchain financial sectors, like decentralized finance (DeFi) and fintech. “Policymakers should develop comprehensive global standards for […]

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