Home » Tag Archives: IMF

Tag Archives: IMF

IMF Chief Asks Central Banks to Explore Crypto Further

Head of the IMF, Christine Lagarde, has called on central banks to explore the use of digital currencies in the future.  Read more Markets pieces here.  Christine Lagarde, Chairwoman of the International Monetary Fund (IMF) has called on central banks to explore the possible use of digital currencies in the near future in a speech at the Singapore Fintech Festival. ...

Read More »

IMF Head Makes Case for Central Bank Digital Currencies In Recent Speech

With contributing reporting from Jimmy Aki. Christine Lagarde, head of the International Monetary Fund (IMF), suggested a new course of action for central banks around the world: turn their fiat currencies digital. The IMF chair gave a speech at the Singapore Fintech Festival on November 14, 2018, titled “Winds of Change: The New Case for Digital Currency.” In it, Lagarde ...

Read More »

IMF: Governments and Banks Should Setup and Control Their Own Cryptocurrencies

Speaking at the Singapore Fintech Festival this week International Monetary Fund head, Christine Lagarde, said that governments and central banks should work towards setting up their own digital currencies. Centralization, Control and Regulation Recommended She added that a central bank regulated system could become the starting point for rapid expansion into developing economies, reaching some of the world’s poorest without ...

Read More »

IMF Vows to Continue ‘Devoting Attention’ to Blockchain, Cryptocurrency in Fintech Drive

The International Monetary Fund (IMF) said it plans to use its ongoing research and experimentation with blockchain as an “anchor” for its future policy on the technology in comments Nov. 12. Speaking on a panel with Ripple CEO Brad Garlinghouse during the Singapore Fintech Festival 2018, IMF Deputy General Counsel Ross Leckow highlighted three areas the organization has been “active” ...

Read More »

Why the IMF is Trying to Stop Marshall Islands From Adopting Crypto

Twitter Facebook LinkedIn The International Monetary Fund (IMF), a global financial organization run by 189 countries, is against the proposal of the Marshall Islands to launch a sovereign digital currency by adopting crypto. As early as September 10, the IMF criticized the finalized plans of the Marshall Islands of creating a national cryptocurrency, citing potential money laundering, financial integrity, and ...

Read More »

IMF, World Bank Set Framework Around Fintech Advances

The International Monetary Fund (IMF) and the World Bank have weighed in on sovereign considerations and global implications of blockchain and other financial services technologies. The Bali Fintech Agenda, released at the conclusion of their annual meeting, distills the issues and concerns around disruptive technologies like distributed ledgers and smart contracts. The 12-point agenda intends to provide guidance to countries ...

Read More »

IMF: Rapid Development of Cryptocurrencies Poses Challenges to Financial System

Christine Lagarde, head of the International Monetary Fund (IMF), said the world is on the verge of another financial crash. The increased cybersecurity risk coming from the rapid development of financial technologies such as digital currencies is a reminder that the permanent evolution of the financial system requires vigilant regulators and supervisors, she added. IMF’s Lagarde Says World Risks Another ...

Read More »

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 ...

Read More »