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Tag Archives: IMF

IMF Urges Marshall Islands to Reconsider Adopting Digital Currency as Second Legal Tender

The International Monetary Fund (IMF) has warned the Republic of the Marshall Islands (RMI) about the risks of adopting a cryptocurrency as a second legal tender, according to an official press release published on September 10. In the report, the U.S.-based agency backed by the United Nations addresses the government of the Republic of the Marshall Islands, stating that the ...

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IMF Doesn’t Like Marshall Islands’ Plan for (Non-USD) State Cryptocurrency

The International Monetary Fund (IMF) has expressed misgivings about the plan to offer a national cryptocurrency by the Marshall Islands, saying that this would “increase macroeconomic and financial integrity risks, and elevate the risk of losing the last U.S. dollar correspondent banking relationship.” In February, CCN reported that the parliament of the Republic of Marshall Islands (RMI) voted to pivot ...

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IMF Chief Says Global Economic Outlook is Worsening, Optimism Towards Cryptocurrency

The financial system is still under a lot of pressure. Since the financial crisis of 2008, very little has changed to alleviate existing concerns. IMF chief Christine Lagarde acknowledges the global economy is not in the best of places right now. Additionally, she remains optimistic about the future of various cryptocurrencies. The Global Economy is in Bad Shape The 2008 ...

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IMF Official Calls for Regulation, Tech Adoption By Banks to Fight ‘Crypto Competition’

An official from the International Monetary Fund (IMF) suggested that central banks need to make fiat currencies “more attractive for the digital age” in an article published May 31. Deputy Director of the Monetary and Capital Markets Department Dong He suggested three responses to combat potential competition to central banks from cryptocurrencies. First, He stated that, “[Central banks] should continue ...

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IMF Report Says Crypto Does Not ‘Pose Risks’ To Global Finance

Cryptocurrencies “do not appear to pose risks to financial stability,” the International Monetary Fund (IMF) said in a report published the second week of April. In comments on crypto assets as part of its Global Financial Stability Report, the organization continued its recent stance in promoting international agreements on regulation. The report continues, “…they could [pose a risk] should their ...

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IMF Says Central Banks Have Needless Fears About Cryptocurrencies

The cryptocurrency ecosystem has found an unexpected backer in the International Monetary Fund. The organization is asking the world’s central banks to be open-minded about digital money as they should “distinguish between real threats and needless fears”. IMF Wants to Help Develop Cryptocurrency Regulation Christine Lagarde, Managing Director of the International Monetary Fund, took many in the financial system by ...

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IMF Chief Lagarde On ‘Dark Side’ Of Crypto: Blockchain… | News

International Monetary Fund (IMF) Chief Christine Lagarde said that crypto markets must be regulated by the same laws that apply to the traditional markets in an IMF blog post published today, March 13. The post, “Addressing the Dark Side of the Crypto World,” begins by praising the virtues of Blockchain technology, which she refers to as an “exciting advancement that ...

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IMF Chief Lagarde Calls for Blockchain-Powered Bitcoin Regulation

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The head of the International Monetary Fund (IMF) wants to start a blockchain arms race. Christine Lagarde, the IMF’s managing director, wrote in a Tuesday blog post that she believes regulators can use blockchain or other distributed ledger technologies (DLT) to regulate Bitcoin and other cryptocurrencies and ...

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