Category: IMF

IMF recommends eco-friendly CBDCs and non-PoW mechanisms for payments

IMF recommends eco-friendly CBDCs and non-PoW mechanisms for payments

In addition to eco-friendly components, the IMF recommended central banks to include other features in the CBDCs, such as compliance, higher resilience and offline capabilities. 40 Total views 12 Total shares An International Monetary Fund (IMF) study on energy consumption revealed the importance of design choices within the crypto ecosystem to build an environmentally friendly […]

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Marshall Islands officially recognizes DAOs as legal entities

Marshall Islands officially recognizes DAOs as legal entities

The Pacific Island state, long keen to adopt blockchain technology, recognizes decentralized autonomous organizations, or DAOs. 1060 Total views 60 Total shares The Republic of the Marshall Islands has moved to formally recognize decentralized autonomous organizations, better known as DAOs, as legal entities — a move that gives collectively owned and managed blockchain projects formal […]

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Does the IMF have a hidden script for El Salvador’s Bitcoin play?

Does the IMF have a hidden script for El Salvador’s Bitcoin play?

On Jan. 25, the International Monetary Fund’s (IMF) directors asked El Salvador to “narrow the scope” of its Bitcoin Law by “removing Bitcoin’s legal tender status.” Adopting a cryptocurrency as the Central American country has done “entails large risks for financial and market integrity, financial stability and consumer protection,” the fund wrote. Why did the […]

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Bukele’s Bitcoin trade raises El Salvador’s sovereign credit risk: Moody’s

Bukele’s Bitcoin trade raises El Salvador’s sovereign credit risk: Moody’s

The credit rating agency believes El Salvador’s Bitcoin experiment has elevated the country’s risk profile and could limit its access to foreign debt markets. 1499 Total views 16 Total shares El Salvador’s historic embrace of Bitcoin (BTC) could have negative consequences on the country’s sovereign credit outlook, according to Moody’s Investors Service.  Moody’s analyst Jaime […]

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El Salvador’s credit rating could take hit amid Bitcoin adoption warns S&P Global

El Salvador’s credit rating could take hit amid Bitcoin adoption warns S&P Global

S&P Global believes El Salvador’s recognition of Bitcoin as legal tender has brought “immediate negative implications” for its credit rating. 1324 Total views 31 Total shares Credit rating agency Standard and Poor (S&P) Global believes the country of El Salvador has severely harmed its credit rating after enacting its Bitcoin Law recognizing BTC as legal […]

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Marshall Islands digital currency would ‘raise risks,’ says IMF

Marshall Islands digital currency would ‘raise risks,’ says IMF

Thanks to COVID measures, the local economy may not recover until 2022. 113 Total views 1 Total shares A representative for the International Monetary Fund has said the Marshall Islands’ digital sovereign currency would currently pose a risk to the islands’ financial stability.  Following a March consultation, International Monetary Fund, or IMF, representative Yong Sarah […]

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