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IMF Strikes Back! Warns El Salvador against the use of Bitcoin as Legal Tender

The International Monetary Fund (IMF) took yet another anti-crypto stance, this time around, by warning El Salvador of its Bitcoin Legal Tender posing a potential threat to financial stability. In a statement published yesterday, IMF noted that while crypto offers eminent gains, but the use of Bitcoin legal tender may inflict economic harm upon the

The International Monetary Fund (IMF) took yet another anti-crypto stance, this time around, by warning El Salvador of its Bitcoin Legal Tender posing a potential threat to financial stability. In a statement published yesterday, IMF noted that while crypto offers eminent gains, but the use of Bitcoin legal tender may inflict economic harm upon the

Altcoin News
Altcoin News

G20-Backed Think Tank Factors in Stablecoins and CBDCs in Solving Remittance Woes

The Financial Stability Board (FSB), a multinational Think Tank that provides policy recommendations to the G20 has highlighted the importance of stablecoins and Central Bank Digital Currencies (CBDCs) in the pursuit of a functional global remittance network. In its latest report, the body highlighted the challenges that surround cross-border payments which range from high transaction

The Financial Stability Board (FSB), a multinational Think Tank that provides policy recommendations to the G20 has highlighted the importance of stablecoins and Central Bank Digital Currencies (CBDCs) in the pursuit of a functional global remittance network. In its latest report, the body highlighted the challenges that surround cross-border payments which range from high transaction

IMF digital Currencies
Altcoin News
IMF digital Currencies
Altcoin News

IMF Report: Crypto’s volatile nature could “pose financial stability challenges”

The latest Global Financial Stability Report by IMF highlighted the volatility factor in virtual currencies. While IMF stated that the crypto sphere opens pathways to several new opportunities including improved and affordable cross-border payments; it also alerted people that the digital currency assets pose financial stability challenges. “The rapid growth of the crypto ecosystem presents

The latest Global Financial Stability Report by IMF highlighted the volatility factor in virtual currencies. While IMF stated that the crypto sphere opens pathways to several new opportunities including improved and affordable cross-border payments; it also alerted people that the digital currency assets pose financial stability challenges. “The rapid growth of the crypto ecosystem presents

Bitcoin News
Bitcoin News

Moody’s downgrades El Salvador’s long-term foreign currency issuer rating, and it has a Bitcoin connection

Moody’s, a popular financial credit rating business has downgraded El Salvador’s long-term foreign-currency issuer and senior unsecured ratings to Caa1 from B3. The rating group also lowered El Salvador’s foreign-currency country ceiling to B2 from B1. It said the current outlook remains negative towards the small Central American nation. Moody’s cited two key reasons for

Moody’s, a popular financial credit rating business has downgraded El Salvador’s long-term foreign-currency issuer and senior unsecured ratings to Caa1 from B3. The rating group also lowered El Salvador’s foreign-currency country ceiling to B2 from B1. It said the current outlook remains negative towards the small Central American nation. Moody’s cited two key reasons for

Altcoin News
Altcoin News

Overnight Crypto Update: German Law Allows For $415B Crypto Inflow| Huobi Impose OTC Restrictions| BTC & ETH Miner Revenue Decline| El Salvador’s IMF Funding Request on Shaky Grounds

The crypto universe has its fair share of bullish and bearish news today right from Germany’s new law that would allow institutions to allocate 20% of their funds in crypto to the continuous miner revenue decline. El Salvador was back into the discussion again while all eyes are set on India’s upcoming monsoon session. Let’s

The crypto universe has its fair share of bullish and bearish news today right from Germany’s new law that would allow institutions to allocate 20% of their funds in crypto to the continuous miner revenue decline. El Salvador was back into the discussion again while all eyes are set on India’s upcoming monsoon session. Let’s

El Salvador
Bitcoin News
El Salvador
Bitcoin News

El Salvador’s $1 Billion Financing Plans From IMF On Hinges Amid Bitcoin Adoption

The recent adoption of Bitcoin as a legal tender by the Latin American nation El Salvador has not gone well with global financial agencies like the IMF. Now, as the Latin American nation struggles to navigate through the economic downturn caused by the COVID-19 pandemic, its $1 billion financing plan from the International Monetary Fund

The recent adoption of Bitcoin as a legal tender by the Latin American nation El Salvador has not gone well with global financial agencies like the IMF. Now, as the Latin American nation struggles to navigate through the economic downturn caused by the COVID-19 pandemic, its $1 billion financing plan from the International Monetary Fund

El Salvador
Bitcoin News
El Salvador
Bitcoin News

El Salvador’s Bitcoin Adoption Can Cause Regulatory Risks for its Banks- Fitch Ratings

The move by the Caribbean Island nation, El Salvador to adopt Bitcoin as its official legal tender after the United States Dollar has been tagged by FitchRatings as bad for its banks. According to the New York-based economic analytics and rating firm, El Salvador’s plans will increase the need for local financial institutions to bolster

The move by the Caribbean Island nation, El Salvador to adopt Bitcoin as its official legal tender after the United States Dollar has been tagged by FitchRatings as bad for its banks. According to the New York-based economic analytics and rating firm, El Salvador’s plans will increase the need for local financial institutions to bolster

El Salvador
Bitcoin News
El Salvador
Bitcoin News

World Bank Denies Any Help to El Salvador for Bitcoin (BTC) Implementation

After the IMF raised concerns about El Salvador adopting Bitcoin (BTC) as a legal tender last week, the World Bank has rejected any kind of help for Bitcoin implementation citing transparency and environmental concerns. On Wednesday, June 16, El Salvador’s Finance Minister Alejandro Zelaya said they are currently seeking technical assistance from World Bank to

After the IMF raised concerns about El Salvador adopting Bitcoin (BTC) as a legal tender last week, the World Bank has rejected any kind of help for Bitcoin implementation citing transparency and environmental concerns. On Wednesday, June 16, El Salvador’s Finance Minister Alejandro Zelaya said they are currently seeking technical assistance from World Bank to

IMF digital Currencies
Bitcoin News
IMF digital Currencies
Bitcoin News

IMF Raises Concern Over El Salvador’s Adoption of Bitcoin as Legal Tender

International Monetary Fund (IMF) has raised concerns over El Salvador’s adoption of Bitcoin as a legal tender. It said Bitcoin poses macroeconomics, financial and legal issues. IMF’s statement comes ahead of its meeting with Salvadoran president Nayib Bukele later on Thursday. Gerry Rice, an IMF spokesman said, “Adoption of bitcoin as legal tender raises several

International Monetary Fund (IMF) has raised concerns over El Salvador’s adoption of Bitcoin as a legal tender. It said Bitcoin poses macroeconomics, financial and legal issues. IMF’s statement comes ahead of its meeting with Salvadoran president Nayib Bukele later on Thursday. Gerry Rice, an IMF spokesman said, “Adoption of bitcoin as legal tender raises several

El Salvador
Bitcoin News
El Salvador
Bitcoin News

El Salvador Passes the Bitcoin Law In Congress, President Nayib Bukele to Meet the IMF Soon

Latin American country El Salvador is scripting a new history today! El Salvador President Nayib Bukele recently announced that the Bitcoin Law has been officially passed in the Salvadoran Congress with a strong majority of 62 votes. The #BitcoinLaw has been approved by a supermajority in the Salvadoran Congress. 62 out of 84 votes! History!

Latin American country El Salvador is scripting a new history today! El Salvador President Nayib Bukele recently announced that the Bitcoin Law has been officially passed in the Salvadoran Congress with a strong majority of 62 votes. The #BitcoinLaw has been approved by a supermajority in the Salvadoran Congress. 62 out of 84 votes! History!

IMF digital Currencies
Blockchain News
IMF digital Currencies
Blockchain News

Crypto Twitter: IMF’s Twitter Poll On Digital Currency Goes Viral, What’s so Special?

An interesting twitter poll titled, “Are Digital Currencies Real Money” regarding digital currencies posted by International Monetary Fund [IMF] has already received 75K votes and counting. Surprisingly, more than 80% of all the voters till now agree to this notion and believe Digital Currencies are actual Money. Are digital currencies really money? #poll — IMF

An interesting twitter poll titled, “Are Digital Currencies Real Money” regarding digital currencies posted by International Monetary Fund [IMF] has already received 75K votes and counting. Surprisingly, more than 80% of all the voters till now agree to this notion and believe Digital Currencies are actual Money. Are digital currencies really money? #poll — IMF

ECB President Christine Lagarde
Regulation News
ECB President Christine Lagarde
Regulation News

ECB President Invites Public Views on Potential Digital Euro

The President of the European Central Bank [ECB] Christine Lagarde requested public views and opinions on a potential central bank digital currency [CBDC] for the eurozone. Describing 2020 as a “difficult year”, Lagarde stated that despite the extraordinary events of the coronavirus crisis, Europe was moving towards a new model for dealing with crises. Her

The President of the European Central Bank [ECB] Christine Lagarde requested public views and opinions on a potential central bank digital currency [CBDC] for the eurozone. Describing 2020 as a “difficult year”, Lagarde stated that despite the extraordinary events of the coronavirus crisis, Europe was moving towards a new model for dealing with crises. Her

Regulation News
Regulation News

BoE Governor Seeks G20 Mandate To Set Global Standards For Stablecoins and CBDCs

The Coronavirus pandemic and the global economic uncertainty has really got central banks thinking about digital currencies! In his recent speech at the Brookings Institution, Bank of England governor Andrew Bailey has asked the G20 economies to work together and establish common global standards for stablecoins and CBDCs. Stablecoins are seeing the best growth in

The Coronavirus pandemic and the global economic uncertainty has really got central banks thinking about digital currencies! In his recent speech at the Brookings Institution, Bank of England governor Andrew Bailey has asked the G20 economies to work together and establish common global standards for stablecoins and CBDCs. Stablecoins are seeing the best growth in

Peso vs bitcoin
Blockchain News
Peso vs bitcoin
Blockchain News

Bitcoin Trading At 10% Premium In Argentina While Govt Bolsters Efforts To Fight Peso Devaluation

Argentina is experiencing a period of great economic turbulence and the Argentine Peso (ARS) has promptly activated a devastating devaluation mode. Although Bitcoin has seen a steep price drop over the past days, its popularity and value in Argentina keep increasing overwhelmingly. Bitcoin Laughing Best In Argentina As Government Battles Debt The economic unrest in

Argentina is experiencing a period of great economic turbulence and the Argentine Peso (ARS) has promptly activated a devastating devaluation mode. Although Bitcoin has seen a steep price drop over the past days, its popularity and value in Argentina keep increasing overwhelmingly. Bitcoin Laughing Best In Argentina As Government Battles Debt The economic unrest in

facebook libra association
Altcoin News
facebook libra association
Altcoin News

Libra: Facebook And Other Tech Giants Are A Threat To Large Banks, IMF Warns

The International Monetary Funds on Monday released a report based on the activities of big tech companies like Facebook entering into the finance space to operate as financial institutions. In this documentary tagged “The Rise Of Digital Money”, IMF warned that these tech companies are most likely to leave banks behind in this financial struggles.

The International Monetary Funds on Monday released a report based on the activities of big tech companies like Facebook entering into the finance space to operate as financial institutions. In this documentary tagged “The Rise Of Digital Money”, IMF warned that these tech companies are most likely to leave banks behind in this financial struggles.

IMF
Blockchain News
IMF
Blockchain News

World Bank and IMF Together Launches ‘Learning Coin’ Cryptocurrency, But What’s the Deal?

Two of the largest international organizations, World Bank and IMF (International Monetary Fund) has reportedly rolled out private blockchain and a quasi-cryptocurrency called ‘Learning Coin’. Hub for Knowledge and Not Backed By Monetary Value So-called ‘Learning Coin’ initiative by IMF and World Bank is first reported by ft media and notes that the organizations have

Two of the largest international organizations, World Bank and IMF (International Monetary Fund) has reportedly rolled out private blockchain and a quasi-cryptocurrency called ‘Learning Coin’. Hub for Knowledge and Not Backed By Monetary Value So-called ‘Learning Coin’ initiative by IMF and World Bank is first reported by ft media and notes that the organizations have

IMF
Altcoin News
IMF
Altcoin News

IMF Seeks To Predict Future Payment Tool, Bullish on Cryptocurrency among Traditional Payments

In the chaos of the future of cryptocurrency, International Monetary fund or IMF attempts to find user’s views to predict the better payment solution in next 5 years. Accordingly, IMF began a poll including Cryptocurrency as the option among three more payment systems. IMF took a twitter poll as an indicator to predict the feasible

In the chaos of the future of cryptocurrency, International Monetary fund or IMF attempts to find user’s views to predict the better payment solution in next 5 years. Accordingly, IMF began a poll including Cryptocurrency as the option among three more payment systems. IMF took a twitter poll as an indicator to predict the feasible

IMFManaging Director
Blockchain News
IMFManaging Director
Blockchain News

IMF Managing Director Explains How Cryptocurrency is ‘Changing the Business Model of Commercial Banks’

The adaption and progress of Blockchain and cryptocurrencies have gained considerable momentum now which increases the responsibility of Global Organizations like the International Monetary Fund (IMF) to maintain the stability in world economics. The potential of Blockchain and cryptocurrencies goes beyond the capabilities of Bitcoin. Currently, the Regulators and Central bank face not a single threat in

The adaption and progress of Blockchain and cryptocurrencies have gained considerable momentum now which increases the responsibility of Global Organizations like the International Monetary Fund (IMF) to maintain the stability in world economics. The potential of Blockchain and cryptocurrencies goes beyond the capabilities of Bitcoin. Currently, the Regulators and Central bank face not a single threat in

Govt dEbt
Bitcoin News
Govt dEbt
Bitcoin News

It’s Not Bitcoin, It’s Global & Government Debt Hitting All-Time High (ATH)

Global debt is fast approaching $244 trillion, three times the size of global economy where most indebted economies are the richer ones. Government debt has now reached about 80% of global GDP while private debt is on the rise as well. Closing the first decade after the global financial crisis, “legacy of excessive debt still

Global debt is fast approaching $244 trillion, three times the size of global economy where most indebted economies are the richer ones. Government debt has now reached about 80% of global GDP while private debt is on the rise as well. Closing the first decade after the global financial crisis, “legacy of excessive debt still

Altcoin News
Altcoin News

IMF Report Indicates 15 Central Banks Are Getting Into Digital Technology

Cryptocurrency and blockchain technology is getting into mainstream media every new day. According to the latest report by the International Monetary Fund (IMF), there are 15 banks stepping ahead with the core of cryptocurrency. Central Banks and Digital Money More specifically, central banks of major countries including the Bahamas, Canada, China, Central Bank of Curaçao

Cryptocurrency and blockchain technology is getting into mainstream media every new day. According to the latest report by the International Monetary Fund (IMF), there are 15 banks stepping ahead with the core of cryptocurrency. Central Banks and Digital Money More specifically, central banks of major countries including the Bahamas, Canada, China, Central Bank of Curaçao