IMF Warns of Global Financial Risks from Stablecoins
"Stablecoins" could accelerate dollarization in high-inflation countries, undermining central banks' control over capital flows.
IMF Warns of Global Financial Risks from Stablecoins
"Stablecoins" could accelerate dollarization in high-inflation countries, undermining central banks' control over capital flows.
How markets became dogma—and then cracked
Economics has its tales of triumph and failure, but few schools of thought have left as deep a mark as Chicago. In the 20th century its ideas captured the minds of politicians, economists and entire nations. Yet critics, not only on the left but also among classical liberals, argue that the Chicago School monopolised economic […]
IMF Denies El Salvador’s Bitcoin Purchases
Since the December 2024 agreement with the IMF on a credit program, El Salvador’s government has not purchased the leading cryptocurrency. This is stated in a report by the international organization. According to the document, the government wallet Chivo “does not adjust its bitcoin reserves in line with changes in client deposits.” Since the app […]
IMF Questions Pakistan’s Bitcoin Initiatives
The International Monetary Fund (IMF) has expressed concerns regarding Pakistan’s initiatives in the realms of cryptocurrency and artificial intelligence, according to local media. The country’s authorities announced the allocation of 2 GW of surplus electricity for Bitcoin mining and powering data centers to support the AI sector. Speaking at the Bitcoin 2025 conference in Las […]
IMF Urges El Salvador to Halt Bitcoin Purchases
The International Monetary Fund (IMF) will strive to ensure “guarantees” that El Salvador’s government bitcoin reserves remain unchanged. The organization announced that staff-level agreements have been reached for extended state financing. The IMF’s stance contradicts the efforts of the country’s president, Nayib Bukele, to increase the number of coins held. In 2024, the parties reached […]
El Salvador Expands Bitcoin Reserves to 6,111 BTC
On March 9, the authorities of El Salvador expanded the national bitcoin reserve by 6 BTC. The total amount of coins held by the state reached 6,111.18 BTC ($501.9 million). In the past seven days, the fund increased by 17 BTC, and over the month — by 40 BTC. Data: Bitcoin Office. On February 26, […]
El Salvador Augments Bitcoin Reserves by 19 BTC
On March 4, El Salvador’s authorities expanded the national bitcoin reserve by 19 BTC, once again deviating from the plan to purchase one coin per day. This occurred amid a decline in the first cryptocurrency’s price below $90,000. ? pic.twitter.com/cR1U4he9io — Nayib Bukele (@nayibbukele) March 4, 2025 CoinDesk noted the signing of an Extended Fund […]
El Salvador Revises Bitcoin Strategy Following IMF’s Directive
El Salvador’s Congress swiftly approved a bill to amend the country’s bitcoin strategy, in line with agreements with the IMF. This was reported by Reuters. According to the news agency, lawmakers ratified the document “within minutes” of receiving it from President Nayib Bukele. The majority in Congress are members of his party, “New Ideas.” In […]
Potential Shift in Ukraine’s Cryptocurrency Market Regulator
The IMF has postponed the deadline for developing updated legislation on the regulation of virtual assets in Ukraine from the end of December 2024 to the end of February 2025. The responsibility for drafting the regulatory document remains with the NBU and the NSSMC.
El Salvador Expands Bitcoin Purchases Despite IMF Deal
The head of El Salvador’s National Bitcoin Office, Stacy Herbert, stated that the country will continue to purchase the leading cryptocurrency, potentially at an “accelerated pace.” ??EL SALVADOR SECURES $3.5 FUNDING DEAL ➡️Bitcoin remains legal tender➡️El Salvador will continue buying bitcoin (at possibly an accelerated pace) for its Strategic Bitcoin Reserve➡️Bitcoin capital markets will continue […]
El Salvador to Limit Bitcoin Strategy Under $1.4 Billion IMF Agreement
The IMF and El Salvador have reached an agreement in which the country has committed to reducing risks associated with bitcoin usage in exchange for a financial package. El FMI y el gobierno de El Salvador alcanzaron un acuerdo a nivel de personal sobre un Programa SAF de 40 meses para apoyar las reformas del […]
Is Bukele no longer the ‘crypto president’? Why El Salvador is cutting a deal with the IMF
In recent days, reports have emerged that El Salvador will recalibrate its cryptocurrency policy in ways that do not favour bitcoin holders. The government has likely taken these steps under pressure from the International Monetary Fund (IMF). Oleg Cash Coin examines why the republic—once a symbol of bitcoin’s ascent onto the state stage—finds itself agreeing […]We use cookies to improve the quality of our service.
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