IMF

Auto Added by WPeMatico

Ex-Liberia Central Bank Chief Under Probe for Missing $104M, State Seeks FBI Help

by

More than a dozen government officials, including former central bank governor and his deputy, have come under investigation in Liberia after $104 million of newly printed banknotes vanished from the state purse. Liberia has issued a travel ban to Milton Weeks, the ex-Central Bank of Liberia chief, his deputy Charles Sirleaf, son of former president Ellen … Read more

IMF Pressures Marshall Islands to Drop National Crypto

by

The International Monetary Fund (IMF) has exerted pressure on the Marshall Islands to torpedo its proposed crypto. The move by the Washington-based global financial institution has been cited as evidence of the steps central bankers will take to thwart cryptocurrency adoption. The Marshall Islands’ decision could have ramifications that extend far beyond the confines of … Read more

South Korea Thinks Real-Name System is Working – Stepping Up Crypto Monitoring

by

South Korea’s top financial regulator recently told 23 other countries’ regulators that the kimchi premium has fizzled since the anonymous trading of cryptocurrencies was banned in the country. Now, the government is introducing a new guideline to prevent local crypto exchanges from buying cryptocurrencies at foreign exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto … Read more

IMF Says Bitcoin Could Create Less Demand for Regular Debt-based Fiat Money

by

This month the International Monetary Fund (IMF) released a report on global monetary policy in the digital age which explains that “crypto assets may one day reduce demand for central bank money.” The IMF study was written after an IMF staff discussion that details that cryptocurrencies could someday lower the demand for fiat currencies by … Read more

Central Bank-Issued Cryptocurrency Round Up: IMF, BoE, Hong Kong

by

In recent days, central banks from the around the world have been actively exploring the prospect of issuing digital currencies. The Bank of England (BOE) has continued to press forward with research into models for central bank-issued currencies, with BOE governor Mark Carney expressing his openness to the idea of issuing a digital currency in … Read more

IMF’s Dong He: Bitcoin Can Rival Central Bank Currencies

by

There are many different opinions on whether or not Bitcoin and other cryptocurrencies have a bright future ahead. The International Monetary Fund seems confident there is no need to regulate this industry at this stage, even though other officials see things differently. Dong He of the IMF is convinced that cryptocurrencies may replace central bank money in … Read more

SA Central Bank Comes Up With Another Nickname for Cryptos – “Cyber Tokens”

by

Cryptocurrencies don’t meet the requirements of money, according to the South African Reserve Bank which has decided to call them by a different name. It’s one that does not imply either currency or cryptography. “We prefer to use the word ‘cyber-token’,” said a high-ranking official of the central bank in Pretoria, adding another entry into … Read more

Wendy McElroy: Crypto – Civil Law Versus Common Law

by

The Satoshi Revolution: A Revolution of Rising Expectations Section 3: Decentralization Chapter 8, Part 1. Crypto: Civil Law Versus Common Law “World’s Second Most Valuable Cryptocurrency Under Regulatory Scrutiny.” “Bitcoin CRACKDOWN: IMF chief Christine Lagarde calls for cryptocurrency regulation.” “France announces Bitcoin regulations amid cryptocurrency ‘bloodbath’.” 2018 is the year in which cryptocurrency will be … Read more