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Category: Special drawing rights
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Bitcoin’s Market Cap Is More Valuable Than the IMF’s Special Drawing Rights Reserves
At its current price per unit, the decentralized cryptocurrency Bitcoin’s market valuation has surpassed the overall value of the International Monetary Fund’s (IMF) Special Drawing Rights market (SDR $281 billion). Since the massive global market rout on March 12, bitcoin has risen over 323% since the crypto asset’s $3,600 low in 2020. The price of […]
The post Bitcoin’s Market Cap Is More Valuable Than the IMF’s Special Drawing Rights Reserves appeared first on Bitcoin News.
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Central Bank Digital Currencies Take Center Stage at IMF Spring Meetings
Central bank digital currencies (CBDCs) featured prominently when global financial leaders met for this year’s World Bank Group and International Monetary Fund (IMF) joint Spring Meetings in the United States. Faced with emerging disruptive technologies like Bitcoin, their discussions also focused on how money and payments are taking on new forms throughout the world. There […]
The post Central Bank Digital Currencies Take Center Stage at IMF Spring Meetings appeared first on Bitcoin News.
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