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IMF News and Articles



El Salvador

IMF urged the authorities of El Salvador to repeal the BTC law

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Many international organizations and agencies are calling on the leadership of El Salvador to repeal the law recognizing bitcoin as legal tender. Recall that this document began to operate in the Latin American state since September last year. Since that time, El Salvador has been periodically...

International Monetary fund cryptos

IMF Says Crypto's Growth Raises Fin. Stability Concerns

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On January 11, the International Monetary Fund issued a report on cryptos. The institution said that BTC and other digital currencies have grown from an unknown asset category to an integral component of the digital money revolution, which causes financial stability worries. The IMF mentioned that...

IMF

IMF calls on El Salvador to abandon the legalization of BTC

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In mid-June, the International Monetary Fund criticized the actions of the El Salvadorian leadership legalizing bitcoin. According to the representative of this organization, Jerry Wright, the recognition of cryptocurrency as a means of payment creates a dangerous precedent. The stability of the...

IMF proposes to attract private companies to launch CBDC

IMF proposes to attract private companies to launch CBDC

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A synthetic central bank digital currency (sCBDC) based on public-private partnerships is better than a fully functional CBDC. It was said by the International Monetary Fund. Tobias Adrian, director of the IMF's currency control and capital market department, and Tommaso Mancini-Griffoli, deputy...

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