IMF | ForkLog - Part 2

ForkLog 44 12.12.2024

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 […]

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ForkLog 31 16.08.2024

IMF Proposes 85% Global Energy Tariff Increase for Bitcoin Miners

Raising electricity costs for miners worldwide by 85% through taxation could significantly reduce carbon emissions, according to experts from the IMF. Shafik Hebous from the Fiscal Affairs Department and climate policy economist Nate Vernon-Lin noted that cryptocurrency mining and data centers could account for up to 3.5% of global energy consumption by 2025. This is […]

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ForkLog 11 19.06.2024

IMF Highlights CBDC Benefits for Oil-Exporting Nations

CBDCs could enhance the efficiency of cross-border payments, a crucial priority for oil-producing nations in the Persian Gulf. This conclusion was reached by the International Monetary Fund. According to the organisation’s experts, this primarily concerns exporters of black gold such as Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE. “This is due to international […]

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ForkLog 11 26.04.2024

IMF Acknowledges Bitcoin’s Economic Potential

In a new report, the International Monetary Fund (IMF) examined the first cryptocurrency and its impact on global markets. The organization recognized the asset’s ability to positively influence the economy. According to the IMF, digital gold is a “key to autonomy” for many countries in difficult financial situations. The report notes the growing popularity of […]

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ForkLog 21 27.03.2024

IMF Sees Benefits of Stablecoins and CBDCs for Remote Nations

Central bank digital currencies (CBDCs) and stablecoins could enhance the accessibility and quality of financial services for Pacific island nations, according to a report by the International Monetary Fund (IMF). Experts highlighted the challenges faced by “dozens” of jurisdictions and microstates in the Pacific islands region: “Limited access to financial services contributes to persistent poverty […]

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ForkLog 18 25.03.2024

IMF Delays New Cryptocurrency Regulation in Ukraine

The International Monetary Fund (IMF) has postponed the preparation of an updated version of legislation on the regulation of virtual assets in Ukraine to the end of December 2024. It was previously scheduled for completion by the end of June. The development of the regulatory document remains the responsibility of the NBU and the NSSMC. […]

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ForkLog 24 28.02.2024

IMF Advises Pacific Nations Against Using Unbacked Cryptocurrencies

The introduction of digital currencies in Pacific nations could address numerous issues, but reliance on “unbacked private crypto assets” should be avoided. This warning comes from experts at the IMF in a report. It’s great to see the fruits of last year’s IMF Conference in Fiji ?? The departmental paper, “Rise of Digital Money: Implications […]

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ForkLog 26 17.01.2024

IMF Chief: Cryptocurrencies Are Not Money

Cryptocurrency is nothing more than an investment tool, according to Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), in an interview with Yahoo Finance. “It is necessary to distinguish between money and assets. When we talk about cryptocurrency, we are actually talking about the latter category. They can be backed and in this […]

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ForkLog 16 13.12.2023

Ukraine’s central bank and NSSMC to draft updated cryptocurrency regulation law

NBU and NSSMC will draft an updated version of the legislation regulating the cryptocurrency market in Ukraine.

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ForkLog 11 16.11.2023

IMF: CBDCs Could Replace Cash

Central banks will have to operate like businesses on CBDC-related matters. The latter could replace cash, IMF Managing Director Kristalina Georgieva said.

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ForkLog 15 02.10.2023

IMF proposes a methodology for assessing crypto-related risks

The IMF, in a working paper, presented an analysis of vulnerabilities and potential supervisory responses for the digital-asset sector.

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ForkLog 26 11.09.2023

G20 backs FSB and IMF recommendations on crypto-asset regulation

G20 member countries backed the Financial Stability Board and IMF recommendations on the regulation and oversight of digital assets.

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