IMF

IMF

Policy

Bitcoin Should Not Be Legal Tender in El Salvador: IMF

The financial institution said the Central American country’s plans to acquire more bitcoin will require a “very careful analysis” of implications for its financial stability.

(Archivo de CoinDesk)

Finance

IMF Views ‘Cryptoization’ as Threat to Global Economy

In its semi-annual Global Financial Stability Report, the IMF says the adoption of a cryptocurrency as national currency “carries significant risks and is an inadvisable shortcut.”

IMF logo (World Bank/Flickr)

Policy

IMF Says Crypto Boom Poses Challenges to Financial Stability

The organization says more regulation is needed.

IMF

Markets

The IMF's Self-Serving Case Against Bitcoin

The International Monetary Fund has finally expanded on its "issues" with El Salvador's adoption of bitcoin. There's not much behind the curtain.

Salvadoran President Nayib Bukele (center), with then-Dominican Republic President Danilo Medina (second from right) in 2019.

Videos

BIS, IMF, World Bank: Central Banks Must Consider Cross-Border Implications of CBDCs

In a paper published Friday, the Bank for International Settlements (BIS) said central banks worldwide should be focused more on cross-border settlement issues than domestic issues and on making central bank digital currencies (CBDCs) in different jurisdictions interoperable. “The Hash” hosts discuss surveillance concerns for CBDCs and the feasibility of the statements.

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Markets

BIS, IMF, World Bank Say Central Banks Must Consider Cross-Border Implications of CBDCs

Central banks are focusing on domestic CBDC use, even though the implications go beyond borders.

BIS' headquarters building in Basel, Switzerland.

Markets

US Diplomat Voices Hope for Resolution in IMF, El Salvador Financing Tensions: Report

Victoria Nuland, U.S. undersecretary for political affairs, met with President Nayib Bukele on Wednesday.

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Policy

Singapore’s Central Bank, IMF Launch Global Challenge for CBDC Solutions

The Monetary Authority of Singapore’s “Global CBDC Challenge” will be supported by Amazon Web Services, Mastercard, Hyperledger and others.

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Videos

Week in Review: El Salvador's Currency Law and International Ramifications, U.S. Lawmakers Put Bitcoin on Trial, China's BTC Mining Crackdowns and More

Taking a look at this past week's stories making waves in the cryptocurrency space: El Salvador adopting bitcoin as legal tender, the IMF's cautious warning, and various U.S. lawmakers questioning bitcoin's volatility. Plus, an update on China's bitcoin mining crackdowns.

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