#IMF
12 articles found
Latest
AI Will Transform the Global Economy, Says the IMF
The ever-expanding capabilities of artificial intelligence demand our attention. The International Monetary Fund (IMF) advises that we need to contemplate how to make the most of AI’s potential while managing the risks it brings to production processes and society as a whole. IMF's XC: Enabling Cross-Border Transfers and Future CBDCs
The IMF has crafted the XC platform, a solution designed to streamline cross-border payments. This project's intricate details were unveiled by Tobias Adrian, the Director of the Monetary and Capital Markets Department. As his address drew to a close, it became clear that the XC platform is projected to lay the groundwork for the global deployment of CBDCs in the future. 
Will Milei Succeed Bukele as the Bitcoin Maximalist Leader?
A controversial Financial Times report claims that El Salvador’s President Nayib Bukele might scale back his Bitcoin policies in exchange for an IMF loan. This raises the question: who could be the next leader to champion El Salvador’s Bitcoin experiment? 
IMF Advises Against Cryptocurrency Ban
The IMF, in an article addressing CBDCs and cryptocurrencies in Latin America and the Caribbean, acknowledges, "While a few countries have completely banned crypto assets given their risks, this approach may not be effective in the long run."
Interestingly, the article places more emphasis on the benefits of Central Bank Digital Currencies (CBDCs) rather than cryptocurrencies, while also highlighting potential problems linked with digital assets.
Furthermore, the IMF recommends improving transparency by including cryptocurrency transactions in national data records. IMF and G20 to introduce global crypto regulation
At the end of February, the International Monetary Fund and G20 member countries made strong statements about the future of the cryptocurrency market. While claiming to expand the dialogue, these international institutions essentially declared war on the crypto industry and immediately began discussing terms of surrender. 
Salvador Proves Critics Wrong
Contrary to forecasts, the value of Salvadoran bonds rose by 62% after Fitch downgraded the country's credit rating in September 2022. Perhaps the 79% surge in BTC during the same period played a role in this unexpected turn of events.
In 2021, El Salvador declared Bitcoin as legal tender and currently holds 2546 BTC. Despite skepticism from the IMF, the country also allocated $1 billion for the construction of a mining farm with a capacity of 241 MW. 
1 - 12 of 12 results