IMF – Page 3 – Ƀitsell X

Indian Finance Minister: Crypto Regulation Needs Global Consensus

May 21, 2024

Indian Finance Minister Nirmala Sitharaman advocates for global consensus on cryptocurrency regulation, highlighting the need for international cooperation, particularly within the G20. She noted that while Indian regulators have differing opinions regarding how to treat crypto, there is currently no significant confusion. Indian Finance Minister on Crypto Regulation Indian Finance Minister Nirmala Sitharaman stressed the…
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IMF Acknowledges Russian Assets’ Confiscation Might Undermine the World’s Financial System

May 20, 2024

The IMF has expressed its concerns about the possible outcome of the confiscation of Russian assets abroad as a consequence of the ongoing military conflict between the nation and Ukraine. Julie Kozack, a spokesperson for the institution, called for these actions to have a proper justification to avoid threatening the world’s financial system. IMF Calls…
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IMF Official: Countries Are Reevaluating Their Reliance on the US Dollar

May 11, 2024

First Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath recently revealed that some nations are reconsidering their reliance on the U.S. dollar. Gopinath explained that this originated in the recent shocks from the coronavirus pandemic, the geopolitical situation with Russia, and national security concerns. IMF Executive: Nations Examining Reliance on U.S. Dollar…
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International Monetary Fund Tells Nigeria To Regulate Crypto Trading Platforms

May 10, 2024

The International Monetary Fund (IMF) recommended on May 10 that Nigeria regulate crypto trading platforms amid the African nation’s detainment of two Binance executives, according to a United Nations Thursday staff report. Nigeria Should Regulate Crypto Trading Platforms, IMF Report Says “Staff recommends that global crypto trading platforms be registered or licensed in Nigeria and…
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Latam Insights: Bitcoin Hurts El Salvador Credit Opportunities, Paraguay Supports Selling Power to Crypto Miners

April 15, 2024

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Bitcoin hinders El Salvador’s credit talks with the IMF, the Paraguayan Senate issues a statement supporting bitcoin miners, and Venezuela unveils a crypto-linked corruption scheme. Bitcoin Reportedly Hurts El Salvador Credit Opportunities With…
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Bitcoin Reportedly Hindering El Salvador’s Credit Opportunities With the IMF

April 10, 2024

Bitcoin and its adoption by the government of El Salvador have become a negative factor in the country’s negotiations with the IMF. According to reports, the institution demands changes to El Salvador’s Bitcoin law to receive a $1.4 billion credit line for expediting public debt payments and other obligations. El Salvador’s Bitcoin Allegiance Is Getting…
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IMF Urges Ukraine to Finalize Crypto Legislation, Government Official Reveals

April 6, 2024

The International Monetary Fund (IMF) has urged Ukraine to finalize its crypto legislation, the country’s Deputy Minister of Digital Transformation for IT industry development has revealed. “In the face of war, we have to exploit the full range of opportunities and develop new sectors of the economy,” he stressed, adding that “Legalization of the crypto…
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IMF Proposes Digital Money to Enhance Financial Inclusion in Pacific Island Nations

March 26, 2024

The International Monetary Fund (IMF) has suggested that digital money could significantly improve financial inclusion and enhance the quality of financial services in the remote and dispersed nations of the Pacific Ocean. In a report published on March 25, the IMF’s senior economic experts examined the potential impact of both private stablecoins and central bank digital…
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Pakistan Faces IMF Pressure to Tax Crypto and Real Estate

March 18, 2024

According to a local news outlet, the International Monetary Fund (IMF) has stipulated that Pakistan’s Federal Board of Revenue (FBR) must levy a capital gains tax (CGT) on crypto investments and real estate as part of the conditions for receiving a $3 billion bailout package. Additionally, the IMF has advised Pakistan to reevaluate the taxation…
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Egypt Devalues Currency, Raises Interest Rates to Fulfill Key IMF Aid Requirement

March 9, 2024

Authorities in Egypt recently allowed the local currency’s exchange rate versus the U.S. dollar to decrease by more than 60%. Additionally, the central bank raised interest rates by 600 basis points. Both steps were key conditions set by the IMF which Egypt had to meet before the approval of a new financial aid package. IMF…
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Category: IMF