IMF – Page 9 – Ƀitsell X

IMF Economist Warns of Side Effects From Sharp Monetary Policy Tightening — Says Financial Risks Have Increased

April 12, 2023

The International Monetary Fund’s (IMF) economic counselor has warned of the side effects of sharp monetary tightening. Noting that “Inflation is much stickier than anticipated,” he stressed that “financial risks have risen.” IMF Economist’s Warning Pierre-Olivier Gourinchas, Economic Counsellor and the Director of Research of the International Monetary Fund (IMF), shared his global economic outlook…
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Bitcoin derivatives favor further BTC price rally toward $30K

April 8, 2023

Bitcoin’s price might have held near $28,000 but the absence of shorts using margin and futures markers is a bullish indicator. Despite regulatory pressure and worsening macroeconomic conditions, Bitcoin (BTC) demonstrated bullishness holding near $28,000 for the past week. Furthermore, professional traders have maintained leveraged long positions on margin and in futures markets, indicating strength.…
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Reports Claim Chivo Bitcoin Wallet Is Flagging Wasabi Transactions in El Salvador

April 7, 2023

According to several reports, the Salvadoran government-issued bitcoin wallet, Chivo, has been freezing wallets and requesting that owners verify the source of funds. The founder of El Zonte’s Bitcoin Beach stated that the government’s bitcoin wallet software is flagging and freezing wallets that receive transactions from Wasabi, a non-custodial bitcoin wallet that utilizes Coinjoin technology…
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China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says

April 5, 2023

An idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The prime minister believes there is no reason for his country, which is hurting from a strong U.S. dollar, to remain dependent on the greenback. Malaysia Prepares to Trade With China in…
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Malaysia enlists China to help end USD dependence for trade

April 5, 2023

More proposals and currency concepts are emerging as Asia ramps up its efforts to distance itself from U.S. dollar hegemony. China and Malaysia are considering moving forward on discussions regarding an Asian Monetary Fund as distancing from U.S. dollar hegemony becomes a greater priority in the region. On April 4, Malaysian Prime Minister Anwar Ibrahim…
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IMF examines CBDC design in context of Islamic banking, finds some risks magnified

March 21, 2023

A central bank digital currency’s liquidity and foreign exchange would work differently Islamic law from what might be expected. A central bank digital currency can impact monetary policy by increasing money velocity, disintermediation, volatility of bank reserves, currency substitution and altered capital flows, even when it is not designed to do so, according to a…
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Is the IMF shutting the door prematurely on Bitcoin as legal tender?

March 6, 2023

Should the International Monetary Fund leave the door open for developing countries struggling with inflation? “Bitcoin was made for the Global South.” There’s been little sunlight this crypto winter, so it may seem odd to present the “Bitcoin as legal tender” argument again. That is, will or should any country — other than El Salvador…
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Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report

March 6, 2023

Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold buyer, adding 23 tons to its central bank’s stash, while the People’s Bank of…
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Derivatives data highlights crypto traders’ positive sentiment and belief in further upside

February 28, 2023

A 5.5% weekly decline in the total crypto market capitalization might have sucked the wind out of some altcoins, but it has done little to alter traders’ bullish point-of-view. The recent weakness in the crypto market has not invalidated the six-week-long ascending trend, even after a failed test of the channel’s upper band on Feb.…
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Anti-CBDC bill in the US, no algo stablecoins for Canada: Law Decoded, Feb. 20–27

February 28, 2023

United States Representative Tom Emmer introduced legislation in the U.S. House of Representatives that could prevent the Federal Reserve from issuing a central bank digital currency. Last week was relatively calm regarding enforcement news but brought some peculiar local developments in regulation. United States Representative Tom Emmer introduced legislation in the U.S. House of Representatives…
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Category: IMF