IMF: Crypto Should Have a ‘Global Regulatory Framework’
The IMF warned on Tuesday that the longer it takes international regulators to come up with a plan for regulating crypto, the more likely it is that regulation will be done on a piecemeal, national level. The International Monetary Fund (IMF) has asked financial regulators from all over the world to work together to create […]
IMF: Crypto assets no longer niche, regulators must keep up
Better crypto regulation is mostly driven by recent failures of cryptocurrency issuers, exchanges, and hedge funds. According to the International Monetary Fund, over the past few years, crypto assets have transitioned from being “niche products” to more widely used assets, necessitating the need for more thorough regulation of the industry (IMF). IMF officials underlined that […]
IMF warns about crypto-Asian equities market linkage
According to the IMF, the further integration of crypto and the Asian equity markets could endanger the stability of financial systems. It makes reference to the possibility of increasing spillover between the two markets as a result of the growing volatility correlation between Bitcoin and stock. The International Monetary Fund (IMF) issued a thorough blog […]
IMF Warns Central African Republic On The Potential Risks Of Bitcoin Adoption
The IMF maintains that the adoption of Bitcoin in the Central African Republic poses legal and economic challenges not only to the country but also to the region. According to the International Monetary Fund (IMF), the Central African Republic’s recent decision to adopt Bitcoin poses several challenges for the country and the region. The global […]
IMF predicts the Russia-Ukraine crisis will boost cryptocurrency Adoption
The International Monetary Fund’s (IMF) Deputy Managing Director, Gita Gopinath stated on Thursday that the Russian-Ukraine situation will boost the use of digital finance. such as cryptocurrencies, stablecoins, and central bank digital currencies (CBDCs). She also said that economic sanctions placed on Russia as a result of its invasion of Ukraine will reduce the dollar’s […]