Following a “successful” introduction of a digital currency, other existing payment instruments may disappear if their use falls below a critical threshold
Powered by WPeMatico
The Financial System of the Future — Who Benefits From CBDCs?
Category: IMF
Auto Added by WPeMatico
The Country With Europe’s Highest Interest Rate Has Cut It 5 Times This Year
Around half of European countries, over 20, now have 0% interest rates and a few are already in negative territory. Ukraine, which has the highest benchmark interest rate on the continent, has just reduced it again, for the fifth time this year. The race between central banks to cut rates, when there is inflation, has […]
The post The Country With Europe’s Highest Interest Rate Has Cut It 5 Times This Year appeared first on Bitcoin News.
Powered by WPeMatico
Lagarde Sees Demand for Stablecoins, Plans to Put ECB ‘Ahead of the Curve’
At her first press conference as head of the European Central Bank (ECB), Christine Lagarde outlined her plans to lead the ECB “ahead of the curve” in the field of digital currency. “There is clearly a demand out there that we have to respond to,” she said, referring to stablecoins. Also read: Regulatory Roundup – […]
The post Lagarde Sees Demand for Stablecoins, Plans to Put ECB ‘Ahead of the Curve’ appeared first on Bitcoin News.
Powered by WPeMatico
Former PBoC Governor: Libra Would Be Trusted If Run by IMF
Zhou Xiaochuan — the People’s Bank of China’s longest-serving governor — has proposed Libra would be more easily trusted if it were in the hands of the IMF
Powered by WPeMatico
ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’
Newly installed European Central Bank President Christine Lagarde made controversial remarks in a recent statement prior to assuming her new role. The former IMF Managing Director implored: “isn’t it true that ultimately we have done the right thing to act in favour of jobs and of growth rather than the protection of savers?” Regarding former […]
The post ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’ appeared first on Bitcoin News.
Powered by WPeMatico
Indian Finance Minister Answers Crypto Questions at IMF Meeting
At an IMF and World Bank meeting, Indian Finance Minister Nirmala Sitharaman talked about cryptocurrency and stablecoins when asked about Facebook’s Libra digital currency project. RBI Governor Shaktikanta Das also addressed the subject at the conference. Also read: Indian Supreme Court Postpones Crypto Case to November, New Date Confirmed Finance Minister Talks Crypto At the […]
The post Indian Finance Minister Answers Crypto Questions at IMF Meeting appeared first on Bitcoin News.
Powered by WPeMatico
Bitcoin Is Already at 40% of Average Fiat Currency Lifespan — 10 Years
Global Crisis Looms as IMF Report Cites Its Own Policy as Dangerous
In a new report by the International Monetary Fund (IMF) entitled “Global Financial Stability Report: Lower for Longer,” the group gives an overview of the current debt-ridden and precarious state of affairs in global economics. Not lost on some economists, however, is the irony that these modern realities are the direct result of policies historically […]
The post Global Crisis Looms as IMF Report Cites Its Own Policy as Dangerous appeared first on Bitcoin News.
Powered by WPeMatico
IMF Has Another Trick Up Its Sleeve When Fiat Fails – Its Own Coin SDR
Virtually everybody knows what a dollar is, but not as many know about the SDR. The International Monetary Fund’s (IMF) Special Drawing Rights is an international, monetary reserve system created specifically to address limitations of gold and standard fiat currencies such as the USD. In short, should these fail, central banks and their governments retain […]
The post IMF Has Another Trick Up Its Sleeve When Fiat Fails – Its Own Coin SDR appeared first on Bitcoin News.
Powered by WPeMatico
The IMF Expresses Concerns Over Stablecoin Popularity
The IMF has kept close tabs on various cryptocurrencies for some time now. Numerous warnings regarding Bitcoin and altcoins have been issued in recent years. In a surprising turn of events, the organization now focuses its attention on stablecoins. These digital assets gain a lot of popularity, yet the IMF is concerned they will pose risks quite similar to the likes of Bitcoin. Criminals will always find a way to exploit any industry, and stablecoins will be no different. Replacing Banks is Plausible In virtually all cases, a stablecoin will represent a digital version of the fiat currency it is
The post The IMF Expresses Concerns Over Stablecoin Popularity appeared first on The Merkle Hash.
Powered by WPeMatico