IMF Calls for Crypto Regulations in Seoul, South Korea Seeks Balance
The IMF’s chief urges swift and robust crypto regulations at a digital currency conference in Seoul, while South Korea’s vice financial regulator chief highlights the need for a balanced approach. The International Monetary Fund (IMF) has warned of the dangers of unregulated cryptocurrencies for global financial stability. Speaking at a digital currency conference in Seoul, […]
Digitalization is Necessary for Financial Inclusion – IMF Director
In her keynote address at the International Monetary Fund (IMF) seminar on financial inclusion in Marrakesh, Morocco, IMF Managing Director Kristalina Georgieva stated that digitalization is “the most important way” to expand financial inclusion. IMF managing director Kristalina Georgieva says digitalization is “the most important way” to scale up financial inclusion. “It is digital that […]
IMF Publishes Working Paper to Address Crypto Assets Risks
The International Monetary Fund (IMF) published a working paper matrix that aims to identify potential risks associated with the crypto space and policy responses for regulators. The IMF released a working paper titled “Assessing Macrofinancial Risks from Crypto Assets” on September 29. Burcu Hacibedel and Hector Perez-Saiz proposed a crypto-risk assessment matrix (C-RAM) for countries […]
Anticipated Surge in India’s Crypto Sector Post-G20 Insight
A senior Finance Ministry official disclosed on Sunday that India’s stance on cryptocurrencies will be determined in the coming months, as indicated by media reports. The nation, recognized as one of the least accommodating regions for cryptocurrencies globally, is positioned to leverage the insights gained from the G20’s efforts to develop a framework for assessing […]
IMF Working on Global CBDC Platform
The International Monetary Fund (IMF) supports cooperation between nations in creating Central Bank Digital Currencies (CBDCs). According to Reuters, the IMF is developing a global platform to enhance the interoperability of CBDCs. This platform aims to facilitate trade between countries once it is fully implemented. IMF Managing Director Kristalina Georgieva emphasized the need for CBDCs […]