Countries Turn a Deaf Ear to IMF and World Bank on Cryptocurrencies
The International Monetary Fund (IMF) and the World Bank have been somewhat reticent about countries giving cryptocurrencies legal tender status or promoting their widespread use within their borders, but no…
Read More »IMF Warns Against Adopting Crypto Assets Like Bitcoin as Legal Tender
The International Monetary Fund (IMF) has warned against adopting cryptocurrencies, like bitcoin, as legal tender. Noting numerous risks and costs involved, the IMF does not see crypto assets catching on…
Read More »Christine Lagarde Reaffirms ECB’s Crypto Policy as Bitcoin Becomes Legal Tender in El Salvador
The president of the European Central Bank (ECB), Christine Lagarde, has shared her view on El Salvador making bitcoin legal tender. She confirmed that the central bank’s policy on bitcoin…
Read More »IMF Official Wants Private Companies and Central Banks to Jointly Promote Digital Currencies
A bureaucrat at the International Monetary Fund (IMF), an organization working to strengthen worldwide financial cooperation, proposed a way for the central bank (CB) and private companies to jointly operate…
Read More »Private Firms Can Boost Central Bank Digital Currencies, IMF Official Says
Synthetic CBDCs could let the private sector manage digital currencies backed by central banks, says the IMF’s Tommaso Mancini-Griffoli.
Read More »