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.
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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.
IMF's CBDC push gets feedback from the crypto community: 'No one wants this'
A community member described CBDCs as a “dystopian nightmare” and argued that it will give governments complete control over an individual.
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.
IMF sees room for eNaira improvement in first year assessment
The world’s second-ever CBDC has yet to reach 1% of Nigeria’s population, according to the IMF assessment.
Zimbabwe sells millions of gold-backed crypto tokens despite IMF warning
The Reserve Bank of Zimbabwe’s first gold-backed cryptocurrency sale has been a success.
Retail CBDCs bring unknown 'consequences' to financial system: IMF director
The IMF's Kristalina Georgieva said wholesale CBDCs, on the other hand, have “fairly little space for undesirable surprises.”
IMF to publish CBDC handbook in response to increasing demand for guidance
The handbook will be descriptive and informational, while the IMF offers advice tailored to specific, prioritized countries.
Peru considering CBDC to improvement payment system: Former IMF adviser
The Central Reserve Bank of Peru has released a report on the development of a central bank digital currency and promises more reports as its research continues.
Is the IMF shutting the door prematurely on Bitcoin as legal tender?
Should the International Monetary Fund leave the door open for developing countries struggling with inflation? “Bitcoin was made for the Global South.”