Bitcoin adoption won’t have any impact on IMF talks, says El Salvador’s top central banker
El Salvador’s central bank chief does not believe that the recent Bitcoin adoption action will have a negative impact on the country’s efforts to acquire an IMF loan. In an interview with Reuters, Douglas Rodriguez, the president of El Salvador’s Central Reserve Bank , downplayed concerns that the country’s adoption of Bitcoin (BTC) as legal […]
Ex-IMF economist leads Roxe’s Bitcoin-backed CBDC project
Roxe, a global payment network, has hired a seasoned economist from the International Monetary Fund (IMF) to oversee its CBDC initiative. Roxe stated Wednesday that Andreas Jobst, a veteran of the IMF, World Bank, and Bermuda Monetary Authority, has been named head currency economist. Jobst will be in charge of scaling Roxe’s CBDC Plus Program […]
IMF intends to intensify digital currency monitoring
The fund will greatly expand to cover all aspects of digital currency and payments will become simpler, faster, less expensive, and more accessible, and they will transcend borders quickly. According to Reuters, the International Monetary Fund (IMF) intends to “step up” its oversight of digital currencies. This statement of intent, which was released in an […]
Making any cryptocurrency a national currency “is an inadvisable shortcut” – IMF officials
Two IMF officials have come out to warn Nations about the consequences of making cryptocurrency a national currency, stating that the repercussions “may be grave”. According to Tobias Adrian, financial counsellor and director of the IMF’s marketing department, and Rhoda Weeks-Brown, general counsel and director of the IMF’s legal department , a cryptocurrency like Bitcoin […]