The International Monetary Fund (IMF) has recently released a report titled “A Primer on Bitcoin Cross-Border Flows,” shedding light on the escalating role of Bitcoin (BTC) as a critical channel for cross-border financial transactions in an era of global financial…
IMF, World Bank, and BIS are engaging in collaborative efforts to explore applications of tokenization
The International Monetary Fund (IMF), World Bank, Bank for International Settlements (BIS), and Switzerland’s central bank have joined forces in an innovative collaboration to explore the concept of tokenization. This strategic partnership aims to harness the power of tokenization technology…
Banning of Cryptocurrency should still be on the table – IMF
During recent G-20 summit, Kristalina Georgieva reinstate’s her stance about banning cryptocurrency if crypto becomes a high risk asset. In an interview with Bloomberg she further states that “Crypto is not real money and not backed by anything” . IMF Managing…
IMF Head: We Should be Open to Cryptocurrencies
Outgoing IMF Head Christine Lagarde, believes financial institutions such as Central banks and other financial bodies should remain vigilant in protecting consumer interests while at the same time being open to innovations like cryptocurrencies. The outgoing International Monetary Fund (IMF)…
Brazil Bank Adopts IMF Guidelines for Crypto Classification
The central bank of Brazil has moved to classify bought and sold crypto assets as per the laid out International Monetary Fund (IMF) guidelines. Brazil’s central bank announced its decision on Aug 26. Under the new IMF standards, traded cryptos…
The IMF Backs Further Exploration of State Backed Digital Currencies
The chairman of the international monetary fund (IMF) Christine Lagarde has encouraged the exploration central bank of digital currencies (CBDCs) amid declining demand for cash and an increased demand for virtual money. Speaking at the Singapore Fintech festival, Lagarde said…
IMF Chief Lagarde & United States Treasury Says Global Cryptocurrency Regulations are Inevitable
Author – Sam Reads, UK The head of the International Monetary Fund, Christine Lagarde, recently warned that the international community and regulators should take early action on the cryptocurrencies. She further said that digital currency regulations are “inevitable.” IMF purpose…