The US Dollar dominance is under threat as the BRICS discuss the creation of an independent payment system and de-dollarization. According to the Rich Dad Poor Dad author, Robert Kiyosaki,…
Browsing: IMF
BRICS nations have been conducting discussions on developing a new currency and fostering closer financial ties among member nations. The proposed BRICS accounting unit could potentially evolve into a real…
The International Monetary Fund wants El Salvador to change its Bitcoin laws. A loan of $1.4 billion is on the line, stirring a dicey situation for the Caribbean nation. El…
Members of the Group of Twenty (G20), have adopted the recently postponed roadmap focusing on the regulation of digital currencies. Proposed by the International Monetary Fund (IMF) and the Financial…
Brazil is calling for more funding distribution to developing economies by the IMF. Bitcoin might be a good asset to balance global economic inequality. Brazil is pressing Western-backed lenders to…
Javier Milei, a prominent contender in Argentina’s presidential race, plans to shut down the central bank and prevent a sovereign debt default if elected. His victory in the primary caused…
Coinbase refutes IMFs claims that digital currencies pose a significant risk to the future of money. The IMF is convinced that digital currencies are not secure enough to be adopted…
The IMF acknowledges slow-moving trends in currency composition but has not received a specific proposal for a common BRICS currency. India and the UAE sign a deal to settle trade…
In collaboration with the government of Singapore, JPMorgan, Amazon, IMF, and other industry heavyweights are working on a common standard for the use of digital money. The IMF has received…
The International Monetary Fund (IMF) is exploring launching a platform to unify CBDC interoperability. The platform is proactive move to harmonize global transactions in the future. The International Monetary Fund…
IMF says that the greater integration between crypto and the Asian equity markets, post the pandemic, could pose stability risks to financial systems. It mentions that the growing volatility correlation…
According to the IMF chair, cryptos play a crucial role in the global financial system as it offers faster transactions, cheaper fees, and more inclusion. According to her, crypto regulation…
International Monetary Fund published the report “Cryptocurrency, Corruption and Capital Controls: Correlations Between Countries” showing the different case use of crypto. According to the report, IMF believes that oversight of…
IMF’s deputy managing director acknowledged the surge in crypto adoption and said that they could promote financial inclusion in marginalized regions. Meanwhile, the IMF mission chief for India claimed that…
The IMF has recommended that El Salvador drop the Bitcoin law, dismiss its Bitcoin trust fund and use Chivo for transacting dollars rather than BTC. The nation’s leaders have strongly…
The IMF has expressed concern over the use of BTC as legal tender, saying it risks the country’s financial stability and consumer protection. It wants the country to take back…
Crypto markets and traditional stock markets and equities are moving in sync more than in previous years, IMF research has shown. The study warns of the financial risks this could…
The IMF has strong reservations about cryptocurrencies, mainly because the market is growing at an extreme pace and regulation worthy of the name does not exist The market value of…
The IMF admitted that the crypto ecosystem faces numerous challenges apart from valuation which is usually cited by critics. To formulate regulations that provide a level playing field along with…
The Spanish central bank expressed concern over the “lack of transparency” in El Salvador’s Bitcoin adoption process. The IMF releases a report detailing the risks involved in using crypto as…