CBDC lays foundation for new global monetary system: French Central Bank
First Deputy Governor at Banque de France calls the central bank digital currency “the catalyst for improving cross-border payments.” Go to Source
IMF
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IMF working paper proposes country-level assessment matrix for crypto risks
The matrix aims to identify potential risks associated with the crypto space and policy responses for regulators. Go to Source
IMF, FSB release joint policy recommendations for crypto assets
The policy paper includes recommendations for regulating activities related to stablecoins and decentralized finance (DeFi). Go to Source
India puts forward suggestions for G20 crypto roadmap
The country emphasises the necessity of dealing with digital assets’ risks for developing economies. Go to Source Powered by WPeMatico
IMF sees climate change, DAOs, CBDC as threats to Marshall Islands, urges reforms
Entering the crypto economy is not a good idea for a country with “capacity constraints” and no central bank, the IMF thinks. Go to Source Powered by WPeMatico
What is the International Monetary Fund, and how does it work?
Explore the IMF’s objectives, governance structure and key functions in promoting global financial stability. Go to Source Powered by WPeMatico
Banning crypto ‘may not be effective in the long run’ — IMF
After proposing a single ledger CBDC payment system, the International Monetary Fund reported on the regulation and use of digital currencies in Latin America and the Caribbean. Go to Source Powered by WPeMatico
BIS releases unified ledger proposal for cross-border, tokenized asset transactions
Like the IMF’s single ledger proposal released a day earlier, BIS’ unified ledger uses familiar concepts, such as tokenization, without the blockchain. Go to Source Powered by WPeMatico
IMF envisions ‘new class’ of cross-border payment platform with single ledger
The XC platform could operate domestically using tokenized assets, including deposits, with or without CBDCs. Go to Source Powered by WPeMatico
Central African Republic gets IMF optimism a year into Bitcoin adoption
The International Monetary Fund projects 2.2% GDP growth and manageable debt but warns of liquidity risks. Go to Source Powered by WPeMatico