Tag: IMF

The International Monetary Fund (IMF) called for a “comprehensive, consistent, and coordinated” approach to harness the benefits of crypto’s underlying technology while mitigating its risks. The fund plans to work closely with the Financial Stability Board (FSB) and other members of the international regulatory community to develop an effective regulatory approach to crypto-assets. In a…

The Bank for International Settlements (BIS), the International Monetary Fund (IMF), and the World Bank argue to the G20 that central bank-issued digital currencies (CBDC) will benefit worldwide development. In a new joint report, they have proposed to create a cross-border network of central bank digital currencies (CBDC), underpinned by efficient technological integration and proactive…

The World Bank has rejected El Salvador’s request for help on the implementation of Bitcoin as a legal tender. After it comes, Bitcoin hovered below $40,000 on Thursday morning. In Wednesday’s announcement, the World Bank stated it could not assist El Salvador’s Bitcoin implementation because of environmental and transparency drawbacks. “We are committed to helping…