IMF: Crypto Could Soon Pose Risks to Countries’ Financial Stability

IMF: Crypto Could Soon Pose Risks to Countries’ Financial StabilityEconomists at the International Monetary Fund (IMF) say that “crypto assets are no longer on the fringe of the financial system.” In addition, they “could soon pose risks to financial stability especially in countries with widespread crypto adoption.” ‘Our Analysis Suggests Crypto Assets Are No Longer on the Fringe of the Financial System’ The International […]

Go to Source

Powered by WPeMatico

El Salvador Buys 21 More Bitcoins to Celebrate 21st Day, Year, Century

El Salvador Buys 21 More Bitcoins to Celebrate 21st Day, Year, CenturyEl Salvador, the country which made bitcoin legal tender, has purchased 21 more bitcoins to celebrate “the last 21st day of the year 21 of the 21st century,” President Nayib Bukele announced. The country has bought about 1,391 bitcoins altogether. El Salvador Buys More Bitcoins El Salvador’s President Nayib Bukele announced Tuesday that his country […]

Go to Source

Powered by WPeMatico

IMF Chief Economist Says ‘Regulation Is Absolutely Important’ for Crypto Sector

IMF Chief Economist Says 'Regulation Is Absolutely Important' for Crypto SectorThe chief economist at the International Monetary Fund (IMF) says that regulation is “absolutely important” for the crypto sector. She added that banning cryptocurrencies, like what India could be considering doing, would pose practical challenges given their decentralized nature. IMF’s Chief Economist on Cryptocurrency and Its Regulation International Monetary Fund (IMF) chief economist Gita Gopinath […]

Go to Source

Powered by WPeMatico

Cornell Professor of Economics: Defi Promise Is Real but Bitcoin May Not Last Much Longer

Cornell Professor of Economics: Defi Promise Is Real but Bitcoin May Not Last Much LongerA Cornell University economics professor says that the promise of decentralized finance (defi) using blockchain technology is real but bitcoin may not last that much longer. Nonetheless, he admitted bitcoin “has really set off a revolution that ultimately might benefit all of us either directly or indirectly.” Economics Professor Doubts Future of Bitcoin, Praises Defi […]

Go to Source

Powered by WPeMatico

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 […]

Go to Source

Powered by WPeMatico

Crypto Flash Crash Prompts El Salvador to Buy the Dip — 150 Bitcoins Added to Treasury

As the crypto market shed billions of dollars, El Salvador bought the dip, taking advantage of the falling price of bitcoin early Saturday morning. With the latest buy, El Salvador has purchased a total of 1,370 bitcoins altogether. According to Salvadoran president Nayib Bukele, the coins were bought seven minutes before the price of the […]

Go to Source

Powered by WPeMatico

Bank of England Governor Worried About Bitcoin Being Legal Tender in El Salvador

Bank of England Governor Worried About Bitcoin Being Legal Tender in El SalvadorThe governor of the Bank of England, the country’s central bank, has voiced concerns about El Salvador choosing bitcoin as a national currency. Citing a recent warning by the International Monetary Fund (IMF) against bitcoin’s use as legal tender, the governor said: “What would worry me most of all is, do the citizens of El […]

Go to Source

Powered by WPeMatico

El Salvador Buys 100 More Bitcoins Amid Crypto Sell-Offs and New Covid-19 Variant Scare

El Salvador Buys 100 More Bitcoins Amid Crypto Sell-Offs and New Covid-19 Variant ScareAs reports of a new Covid-19 strain spread, tanking the price of many cryptocurrencies, El Salvador bought the dip. The country has added 100 more bitcoins to its treasury despite a recent warning by the International Monetary Fund (IMF), bringing the total number of bitcoins purchased to 1,220. El Salvador Buys the Dip: 1,220 Bitcoins […]

Go to Source

Powered by WPeMatico