by COINS NEWS - 2 years ago
Andrew Bailey, governor of the bank of England was "concerned" about Bitcoin being used as legal tender in El Salvador. It concerns me that a country would choose it as its national currency … What would worry me most of all is, d...
Bitcoin News / Bitcoin.com - 3 years ago
The International Monetary Fund (IMF) has warned El Salvador against using bitcoin as legal tender due to various risks associated with cryptocurrency. The warning came one day after Salvadoran President Nayib Bukele announced his plan to build a &am...
Cryptocoins News / NewsBTC - 3 years ago
In a recent report, the IMF praises the way El Salvador handled the COVID-19 situation and announces that their economy grew 10% in 2021. The International Monetary Fund also recognizes El Salvador’s government efforts to reduce crime, “diversify the...
Bitcoin News / Bitcoin.com - 3 years ago
The International Monetary Fund (IMF) has acknowledged that the recently launched Nigerian central bank digital currency (CBDC) is attracting interest from many institutions globally, including central banks. Still, the fund warns that the CBDC carri...
Bitcoin News / Bitcoin.com - 3 years ago
The uncertainty that prevails in Nigeria’s foreign exchange market is partly to blame for the plunge in cross-border remittances into the country, an official with the International Monetary Fund (IMF) has said.
Covid-19 Another Contributing...
Cryptocoins News / The Cointelegraph - 3 years ago
The country’s central bank chief does not see the recent Bitcoin adoption move hampering plans to secure an IMF loan. Douglas Rodriguez, president of the Central Reser...
More / Bitcoin Reddit - 3 years ago
https://www.coindesk.com/business/2021/10/13/imf-report-views-cryptoization-as-threat-to-global-economy/ submitted by /u/Blueiceman71 [link] [comments]
Cryptocoins News / The Cointelegraph - 3 years ago
The group identified the crypto space at risk from hacking, “lack of transparency around issuance and distribution” of tokens, and operational risks including outages during periods of ex...
Bitcoin News / Bitcoin.com - 3 years ago
Digital currencies backed by central banks are the most reliable form of digital money, according to IMF managing director Kristalina Georgieva. At the same time, to think of cryptocurrencies such as bitcoin as money is difficult, believes the chief...
Cryptocoins News / CoinJournal - 3 years ago
IMF Managing Director Kristalina Georgieva discredited Bitcoin and other cryptocurrencies as forms of money, preferring stablecoins
Speaking during a virtual conference in Italy's Bocconi University yesterday, IMF managing director Kristalina Georgie...
Cryptocoins News / The Cointelegraph - 3 years ago
Kristalina Georgieva said that stablecoins "fill the digital gap in privately issued money," but labeled Bitcoin and other cryptocurrencies as assets rather than a form of money....
Cryptocoins News / The Cointelegraph - 3 years ago
The new policies recommended by the IMF aim to curb down the financial risks associated with global crypto adoption. The International Monetary Fund (IMF) released a...
Bitcoin News / Bitcoin.com - 3 years ago
The International Monetary Fund (IMF) warns that the rising popularity of cryptocurrencies poses new challenges to financial stability. “Cryptoization can reduce the ability of central banks to effectively implement monetary policy. It cou...
Cryptocoins News / The Cointelegraph - 3 years ago
Central bank digital currencies are the next frontier for blockchain. Roxe wants to make BTC hashrate the anchor for future CBDCs. Global payment network Roxe has rec...
