IMF

The Tightrope of Regulation

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Time Stamp: September 26, 2023 7:07 AM - Modified On: September 26, 2023 - Published By:
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In a significant move at the recent G20 meeting in India, the International Monetary Fund (IMF) and the Financial Stability Board (FSB) released a joint paper outlining a framework for the global regulation of cryptocurrencies. While the proposals mostly tread familiar territory, what’s new is their conviction in crypto’s unstoppable growth and success. A flurry of optimism greeted the G20’s endorsement of the report because it advocates that countries don’t ban crypto. Hidden in its text, however, are some worrying signs. For example, on the first page, they state, “Widespread

Beyond the Dollar

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Time Stamp: April 27, 2023 6:35 AM - Modified On: April 27, 2023 - Published By:
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The global economy is at a crossroads with the US dollar’s future as the world reserve currency facing fresh challenges. For decades, the stability and dominance of the dollar have given the United States significant advantages in global trade, investment, and geopolitical influence. However, as emerging economies like China and India rise in prominence, their currencies are gaining traction in international transactions, challenging the dollar’s hegemony. China, in particular, has been busy over the past few months, actively promoting the Yuan and seeking to challenge US dominance in the global

Bonds, Bitcoin Bonds

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Time Stamp: October 12, 2022 2:03 AM - Modified On: October 12, 2022 - Published By:
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Just over a year ago El Salvador made history by becoming the first, and only country in the world to make Bitcoin legal tender. Much to the anger of the international community of central bankers, they pushed ahead with their plans, doubling down by planning a $1 billion bond release to build Bitcoin City. According to the mainstream media, El Salvador’s experiment with cryptocurrency has been an unmitigated disaster. The country is on the verge of bankruptcy, there hasn’t been widespread adoption of crypto, and the president is a ruthless

IMF now the latest to warn against cryptos opening ‘unwanted doors’

Source Node: https://ambcrypto.com/imf-now-the-latest-to-warn-against-cryptos-opening-unwanted-doors/
Time Stamp: October 2, 2021 7:30 AM - Modified On: October 2, 2021 - Published By:
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A handful of cryptocurrency exchanges have suddenly become billion-dollar companies. An explosion in Bitcoin’s popularity has supercharged previously small-time platforms into powerhouses generating millions of dollars in revenues. And, it’s not just Bitcoin either, with other altcoins recording immense surges as well. Source: IMF Crypto is “risky” and opens “unwanted doors” The same was the subject of a blog recently published by the IMF (International Monetary Fund). The report observed, “The total market value of all the crypto-assets surpassed $2 trillion as of September 2021—a 10-fold increase since early 2020.

El Salvador’s First Official Bitcoin Commercial for Chivo Wallet Airs

Source Node: https://beincrypto.com/el-salvadors-first-official-bitcoin-commercial-for-chivo-wallet-airs/
Time Stamp: September 1, 2021 5:30 AM - Modified On: September 1, 2021 - Published By:
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The first advertisement for the bitcoin wallet of El Salvador, Chivo Wallet, has been released. The ad is effectively the first government ad of this sort.Sponsored Sponsored Released on August 31, the ad is a quick explainer of bitcoin, the Chivo wallet, and the cryptocurrency’s benefits. The wallet is set to be available from September 7. https://s32659.pcdn.co/wp-content/uploads/2021/09/Chivo.mp4Chivo Wallet ad: El Salvador President Nayib Bukele’s Twitter handle El Salvador’s President Nayib Bukele announced the wallet’s release date last week, confirming that the use of bitcoin would not be mandatory. This appeased

Former IMF exec: ‘I am not going to say Bitcoin is going to implode tomorrow’

Source Node: https://ambcrypto.com/former-imf-exec-i-am-not-going-to-say-bitcoin-is-going-to-implode-tomorrow/
Time Stamp: August 27, 2021 1:30 PM - Modified On: August 27, 2021 - Published By:
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The Indian central bank has always been particularly wary of the cryptocurrency industry. According to former Reserve Bank of India Governor Raghuram Rajan, however, cryptos definitely have a “potential future.” Speaking at the Reuters Global Markets Forum, the economist opined that while cryptocurrencies have highly fluctuating values, they might be useful as means of payment in the coming time. As expected, the former bank exec lent more support to the idea of well-regulated stablecoins, with Rajan adding that these assets should have quick, appropriate regulations. It’s worth noting, however, that

Celsius Lists Libra Challenger for 9.9% Potential Interest

Source Node: https://cointelegraph.com/news/celsius-lists-libra-challenger-for-99-potential-interest
Time Stamp: April 6, 2020 11:00 AM - Modified On: May 21, 2021 - Published By:
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Crypto lending platform Celsius Network has listed startup Saga’s SGA stabilized asset, unlocking the potential for token holders to earn interest.  “Saga has partnered with leading cryptocurrency interest income platform, Celsius Network,” Saga founder Ido Sadeh Man told Cointelegraph.The collaboration and listing means “users can both preserve their assets’ value with SGA’s proven stabilization mechanism (the IMF's SDR, a basket of currencies designed to offset currency fluctuations), as well as earn attractive interest through the Celsius network,” Man explained. Saga does not call itself a "stablecoin"Although Saga touts SGA as a stable