IMF Chief Begs Investors Not to Shun All Crypto After the Collapse of LUNA, UST

IMF Chief Urges Against Completely Shunning Crypto After the LUNA Collapse — Likens Stablecoins Not Backed by Assets to PyramidsThe managing director of the International Monetary Fund (IMF) reportedly said that investors should not completely pull out of crypto after the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). IMF Chief Has a Message for Crypto Investors After the Collapse of LUNA, UST Kristalina Georgieva, the managing director of the International Monetary Fund […]

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IMF: We Need a Lot More Work Done on Crypto Regulation

IMF: We Need a Lot More Work Done on Crypto RegulationThe International Monetary Fund (IMF) says a lot more work needs to be done on crypto regulation. “We’ve certainly seen an increase in the use of cryptocurrencies before this war, and we’ve seen it happen more in emerging markets than in others,” said the deputy managing director of the IMF. IMF Chief Kristalina Georgieva Pushes […]

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IMF Advises How Crypto Should Be Regulated Citing ‘Urgent Need for Cross-Border Collaboration’

IMF Advises How Crypto Should Be Regulated Citing 'Urgent Need for Cross-Border Collaboration'The International Monetary Fund (IMF) has outlined some recommendations of how cryptocurrency should be regulated, noting that there is an urgent need for cross-border collaboration and cooperation on cryptocurrency regulation. IMF Provides Recommendations on Crypto Regulation The International Monetary Fund published a blog post on cryptocurrency regulation Thursday. The post titled “Global Crypto Regulation Should […]

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IMF Warns Against Adopting Crypto Assets Like Bitcoin as Legal Tender

IMF Warns Against Adopting Crypto Assets Like Bitcoin as National CurrencyThe International Monetary Fund (IMF) has warned against adopting cryptocurrencies, like bitcoin, as legal tender. Noting numerous risks and costs involved, the IMF does not see crypto assets catching on as a national currency. IMF Warns of Risks in Adopting Cryptocurrencies as National Currency The International Monetary Fund (IMF) published a blog post on Monday […]

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World Bank Refuses to Help El Salvador Make Bitcoin Legal Tender Citing Environmental and Transparency Issues

World Bank Refuses to Help El Salvador Make Bitcoin Legal Tender Citing Environmental and Transparency IssuesThe World Bank has refused to provide technical assistance to El Salvador in implementing bitcoin as legal tender. The bank cited bitcoin’s “environmental and transparency shortcomings” as the reason. World Bank Won’t Help El Salvador With Bitcoin Law The World Bank said on Wednesday it cannot help El Salvador implement the law making bitcoin legal […]

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IMF Publishes Cryptocurrency Explainer, Saying It ‘Could Be the Next Step in the Evolution of Money’

IMF Publishes Video Explaining Cryptocurrency That 'Could Be the Next Step in the Evolution of Money'The International Monetary Fund (IMF) has published a video explaining what cryptocurrency is. Besides suggesting that cryptocurrency could “completely change the way we sell, buy, save, invest, and pay our bills,” the video states that it “could be the next step in the evolution of money.” IMF Explains Crypto The IMF tweeted a video explaining […]

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