Tag: IMF

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Today in Crypto: Tel Aviv Stock Exchange to Let Nonbank Members’ Customers Trade Crypto, Two Hackers Arrested in France, $70M in BTC and ETH Donated to Ukraine

February 27, 2023

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Tel Aviv Stock Exchange to Let Nonbank Members’ Customers Trade Crypto, Two Hackers Arrested in France, $70M in BTC and ETH Donated to Ukraine  Read more »Sign up…
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IMF prefers to regulate crypto than banning it outright: Report

February 27, 2023

On the sidelines of the G20 meeting in India, IMF managing director Kristalina Georgieva said the agency would prefer to regulate crypto than an outright ban. The International Monetary Fund would prefer to differentiate and regulate crypto assets rather than enforce an outright ban, though the nuclear option will remain on the table for now.…
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Janet Yellen Says ‘Critical’ to Establish Strong Crypto Regulation — ‘We Haven’t Suggested Outright Banning’

February 27, 2023

U.S. Treasury Secretary Janet Yellen says “it is critical to put in place a strong regulatory framework” for crypto on the sidelines of the G20 meeting for finance ministers and central bank governors. “We haven’t suggested outright banning of crypto activities,” Yellen added. Janet Yellen on ‘Strong’ Crypto Regulation U.S. Treasury Secretary Janet Yellen talked…
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The IMF and the U.S. Support India’s Plan to Coordinate Global Crypto Regulation at G20

February 26, 2023

The International Monetary Fund and the United States have shown support for India’s plan to coordinate global crypto regulation during the recent G20 meeting.  India, which currently holds the G20 presidency, has been pushing for a collective global effort to regulate the nascent digital asset industry and mitigate its potential risks. … Read More: The IMF…
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IMF Calls for ‘More’ Crypto Regulation — Says Banning Should Be an Option

February 26, 2023

International Monetary Fund (IMF) Managing Director Kristalina Georgieva says crypto needs “more regulation.” She added, “We should not take off the table banning those assets,” if regulation fails or is too slow to implement. IMF’s Chief Calls for More Crypto Regulation IMF Managing Director Kristalina Georgieva talked about crypto regulation Saturday on the sidelines of…
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U.S. Treasury Janet Yellen calls for ‘strong regulatory framework’ for crypto activities

February 26, 2023

On the sidelines of the G20 meeting, U.S. Treasury Secretary Janet Yellen said the country is not pushing for an outright banning of crypto activities. United States Treasury Secretary Janet Yellen stressed the importance of implementing a strong regulatory framework for cryptocurrencies during a G20 meeting on Feb. 25.  Speaking to Reuters, Yellen said that…
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IMF Board Offers Guidance for Developing Effective Crypto Policies

February 25, 2023

The executive board of the International Monetary Fund (IMF) has provided guidance for member countries to develop effective crypto policies. The board stressed the need to develop comprehensive crypto regulations to “better mitigate the risks posed by crypto assets while also harnessing the potential benefits of the technological innovation.” IMF Executive Board Provides Guidance on…
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IMF exec board endorses crypto policy framework, including no crypto as legal tender

February 23, 2023

The principles are broad and general, with the exception of the stand against crypto as legal tender, which the IMF has repeatedly expressed to El Salvador. The executive board of the International Monetary Fund (IMF) has assessed a paper on crypto asset policy published by the fund and expressed its agreement with its proposed policy…
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Lebanon Financial Crisis: Banks Torched After Pound Taps New Low Versus the US Dollar

February 22, 2023

The Lebanese pound’s fall to its lowest ever versus the U.S. dollar, 80,000 to 1, has piled more misery on residents whose local currency-denominated savings have been decimated by inflation. The ongoing strike by banks demanding the passage of capital control legislation has compounded matters for residents. Lebanese Pound Devaluation According to several local media…
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Today in Crypto: ‘Fundamental Clash Between Regulations and Crypto’, Ethereum Devs Patch Testnet Bug, Bank of Japan Set to Launch CBDC Pilot in April

February 17, 2023

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: ‘Fundamental Clash Between Regulations and Crypto’, Ethereum Devs Patch Testnet Bug, Bank of Japan Set to Launch CBDC Pilot in April  Read more »Sign up for e-EUR –…
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