IMF Head Says Central Bank Digital Currencies Are Reliable, Hard to Think of Bitcoin as Money

IMF Head Says Central Bank Digital Currencies Are Reliable, Hard to Think of Bitcoin as MoneyDigital currencies backed by central banks are the most reliable form of digital money, according to IMF managing director Kristalina Georgieva. At the same time, to think of cryptocurrencies such as bitcoin as money is difficult, believes the chief executive of the international financial institution. IMF Chief Georgieva Marks Top Issues for Policymakers Exploring CBDCs […]

Go to Source

Powered by WPeMatico

IMF Warns Crypto Boom Poses New Financial Stability Challenges, Urges Regulators to Step Up

IMF Warns Crypto Boom Poses New Financial Stability Challenges, Urges Regulators to Step UpThe International Monetary Fund (IMF) warns that the rising popularity of cryptocurrencies poses new challenges to financial stability. “Cryptoization can reduce the ability of central banks to effectively implement monetary policy. It could also create financial stability risks.” IMF Sees New Challenges to Financial Stability From Crypto The International Monetary Fund (IMF) warned about the […]

Go to Source

Powered by WPeMatico

First Day of Bitcoin as Legal Tender: El Salvador Buys the Dip, Country’s BTC Stash Grows

First Day of Bitcoin as Legal Tender: El Salvador Buys the Dip, Country’s BTC Stash GrowsBitcoin is now legal tender in El Salvador, and the country’s bitcoin stash has grown to 550 coins. The Salvadoran government started buying the cryptocurrency Monday ahead of the Bitcoin Law taking effect. On Tuesday, President Nayib Bukele said El Salvador bought the dip. El Salvador Buys More Bitcoin El Salvador’s Bitcoin Law came into […]

Go to Source

Powered by WPeMatico

Bitcoin Legal Tender in 7 Days: El Salvador Publishes Video Explaining What to Expect

Bitcoin Legal Tender in 7 Days: El Salvador Publishes Video Explaining What to ExpectBitcoin will become legal tender in El Salvador alongside the U.S. dollar in seven days. The Salvadoran government has released a video explaining what to expect when the Bitcoin Law enters into force. The video features the government’s fee-free crypto wallet, Chivo. Government’s Video Explaining What to Expect When Bitcoin Becomes Legal Tender The Bitcoin […]

Go to Source

Powered by WPeMatico

IMF: Bitcoin Is Privately Issued Crypto With Substantial Risks, Inadvisable as Legal Tender

IMF Says Bitcoin Is Privately Issued Crypto Inadvisable as Legal TenderThe International Monetary Fund (IMF) says that crypto assets, like bitcoin, are privately issued with substantial risks, and “Making them equivalent to a national currency is an inadvisable shortcut.” The crypto community disagrees. IMF Claims Bitcoin Is Privately Issued Crypto With Substantial Risks, Inadvisable for Use as Legal Tender The International Monetary Fund tweeted about […]

Go to Source

Powered by WPeMatico