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Stablecoins’ rapid global expansion is reshaping financial access and payments, offering new efficiencies while raising urgent concerns over monetary control and regulatory gaps that policymakers worldwide are now scrambling to confront. IMF Warns of Expanding Stablecoin Influence The International Monetary Fund (IMF) detailed on Dec. 4 that stablecoins can widen financial access and support innovation … Read more
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. In this edition, we examine the significance of El Salvador’s latest gold purchase and how it aligns with bitcoin’s sound‑money ethos. Latam Insights Encore: El Salvador’s Gold Purchase Follows Bitcoin Monetary Ideals in Defiance … Read more
Sani, an onchain analyst, has unveiled data that appears to confirm the IMF’s allegations about El Salvador’s purported bitcoin purchases. Nonetheless, the country continues to post each BTC addition as a purchase via the Bitcoin Office (ONBTC) social media account. El Salvador Bitcoin Purchases Under Scrutiny: Onchain Evidence of ‘Shuffling’ Arises El Salvador, one of … Read more
In a recent social media post, Kenneth Rogoff, a former Chief Economist at the International Monetary Fund (IMF), reflected on his earlier prediction that bitcoin was more likely to be valued at $100 than $100,000. Rogoff, a Professor of Economics at Harvard University, acknowledged that he underestimated the U.S. government’s willingness to implement sensible cryptocurrency … Read more
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. In this edition, we examine the latest allegations about the status of El Salvador’s bitcoin purchases and how the Salvadoran government should clear the air regarding the subject. Latam Insights Encore: El Salvador’s Silence … Read more
The International Monetary Fund (IMF), a Washington DC-based financial institution under the United Nations, published an article on Thursday recommending what it calls “an updated System of National Accounts” (SNA), that measures and incorporates the value of emerging technologies, including Bitcoin and other cryptocurrencies, in the calculation of a country’s gross domestic product (GDP). The … Read more
At a recent press briefing, the IMF reiterated that the number of bitcoins accumulated in the wallets of El Salvador had not changed and that the increases in the country’s bitcoin reserve fund were due to token shuffling across multiple addresses. IMF Denies El Salvador’s Alleged Bitcoin Purchases in Press Briefing The alleged bitcoin purchases … Read more
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how the Salvadoran government’s confusing communication policy has led to a decline in its standing within the bitcoin community. Latam Insights Encore: El Salvador Bitcoin Allegiance Is No More, Bitcoin Purchases … Read more
The IMF has finally referred to the current status of the accumulation of bitcoin by the government of El Salvador in its latest compliance report, stating that the government had been consolidating its bitcoin stash from several addresses into one. El Salvador Bitcoin Accumulation Mystery Revealed: IMF Reveals Consolidation Scheme The most recent report on … Read more
The latest report issued by the IMF on the compliance of El Salvador’s actions with the guidelines established in the $1.4 billion credit facility deal approved in February revealed that Chivo Wallet led the nation to miss the bitcoin non-accumulation quotas. Bitcoin Non-Accumulation Compliance Goals Missed: IMF Fingers Chivo Wallet El Salvador is facing one … Read more
