G20 Embraces IMF-FSB Synthesis Paper for Comprehensive Crypto Regulation
The G20, European, and African Union unanimously accepted the G20 Finance Ministers and Central Bank Governors Communique.
Tag imf
‘Blanket Ban on crypto costly’: IMF & FSB’s new paper on crypto regulation
Key Takeaways A groundbreaking global framework for cryptocurrency regulation is taking shape as the International Monetary Fund (IMF) and the Financial Stability Board (FSB) release a joint synthesis paper. Prepared at the request of the Indian G20 Presidency, the paper…
IMF To Develop a Global CBDC Platform
Key takeaways: Central Bank Digital Currencies (CBDCs) have been gaining traction worldwide as nations explore the potential benefits of digitising their national currencies. In a groundbreaking move, the International Monetary Fund (IMF) has recently announced its plans to develop a…
U.S. Treasury Janet Yellen, IMF Head calls for stricter crypto regulations
U.S. Treasury Secretary Janet Yellen states, "critical to put in place a strong regulatory framework for crypto activities.
IMF Chief Asks Investors Not to Shun All Crypto After Collapse of LUNA, UST
Key Takeaways: IMF managing director pleads to not ban crypto after the recent debacle. The Chief has also expressed her concerns and has made suggestions to strengthen the stability of stablecoins. The fall of Luna was one of its kind…
The IMF Accidentally Advertises Bitcoin
Key Takeaways: The IMF accidentally advertised for Bitcoin by warning that countries could monetize their energy directly by mining Bitcoins. The IMF warned that the increase in usage of Bitcoin and “crypto” could put the global financial system at risk.…
Why does IMF want Countries Like El Salvador to Not Accept Bitcoin as Legal Tender?
In recent times, the world has witnessed a surreal opposition of bitcoin from the international monetary fund. IMF has been targeting bitcoin as a cause of surging energy costs. According to the IMF, surging energy costs have boosted inflation, especially…
