The International Monetary Fund, or IMF, plans to “step up” its monitoring of digital currencies, according to a report by Reuters. This intent, as published in an IMF paper Thursday, details how the fund plans to “manage this far-reaching and complex transition” toward a digitized economy.“Rapid technological innovation is ushering in a new era of public and private digital … [Read more...] about IMF intends to ‘ramp up’ digital currency monitoring
IMF
IMF sounds ‘legal, economic’ alarms over El Salvador’s Bitcoin adoption
The International Monetary Fund (IMF), a global, intergovernmental economic and financial body, condemned El Salvador’s move to make Bitcoin an official ‘legal tender’ in the country citing economic and legal risks.“Adoption of Bitcoin as legal tender raises a number of macroeconomic, financial, and legal issues that require very careful analysis,” said Gerry Rice, an IMF … [Read more...] about IMF sounds ‘legal, economic’ alarms over El Salvador’s Bitcoin adoption
El Salvador’s relationship with the IMF turns complicated after new Bitcoin bill
The International Monetary Fund (IMF), a global intergovernmental organization that supports economic structures and finance in the world, is set to hold talks with El Salvador after it passed a Bitcoin bill today.The issue with accepting BitcoinAs per Reuters, El Salvador is already nursing a strained relationship with the IMF amidst difficult economic conditions and monetary … [Read more...] about El Salvador’s relationship with the IMF turns complicated after new Bitcoin bill