ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’

ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’Newly installed European Central Bank President Christine Lagarde made controversial remarks in a recent statement prior to assuming her new role. The former IMF Managing Director implored: “isn’t it true that ultimately we have done the right thing to act in favour of jobs and of growth rather than the protection of savers?” Regarding former […]

The post ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’ appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Indian Finance Minister Answers Crypto Questions at IMF Meeting

Indian Finance Minister Answers Crypto Questions at IMF ConferenceAt an IMF and World Bank meeting, Indian Finance Minister Nirmala Sitharaman talked about cryptocurrency and stablecoins when asked about Facebook’s Libra digital currency project. RBI Governor Shaktikanta Das also addressed the subject at the conference. Also read: Indian Supreme Court Postpones Crypto Case to November, New Date Confirmed Finance Minister Talks Crypto At the […]

The post Indian Finance Minister Answers Crypto Questions at IMF Meeting appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Global Crisis Looms as IMF Report Cites Its Own Policy as Dangerous

Global Crisis Looms as IMF Report Cites Its Own Policy as DangerousIn a new report by the International Monetary Fund (IMF) entitled “Global Financial Stability Report: Lower for Longer,” the group gives an overview of the current debt-ridden and precarious state of affairs in global economics. Not lost on some economists, however, is the irony that these modern realities are the direct result of policies historically […]

The post Global Crisis Looms as IMF Report Cites Its Own Policy as Dangerous appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

IMF Has Another Trick Up Its Sleeve When Fiat Fails – Its Own Coin SDR

IMF Has Another Trick Up Its Sleeve When Fiat Fails - Its Own Coin SDRVirtually everybody knows what a dollar is, but not as many know about the SDR. The International Monetary Fund’s (IMF) Special Drawing Rights is an international, monetary reserve system created specifically to address limitations of gold and standard fiat currencies such as the USD. In short, should these fail, central banks and their governments retain […]

The post IMF Has Another Trick Up Its Sleeve When Fiat Fails – Its Own Coin SDR appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

The IMF Expresses Concerns Over Stablecoin Popularity

TheMerkle_Deutsche Bank IMF Global EconomyThe IMF has kept close tabs on various cryptocurrencies for some time now. Numerous warnings regarding Bitcoin and altcoins have been issued in recent years. In a surprising turn of events, the organization now focuses its attention on stablecoins. These digital assets gain a lot of popularity, yet the IMF is concerned they will pose risks quite similar to the likes of Bitcoin. Criminals will always find a way to exploit any industry, and stablecoins will be no different.  Replacing Banks is Plausible In virtually all cases, a stablecoin will represent a digital version of the fiat currency it is

The post The IMF Expresses Concerns Over Stablecoin Popularity appeared first on The Merkle Hash.

Go to Source

Powered by WPeMatico