In a new Fintech note by IMF on “Digital Currencies and Energy Consumption” noted Central Bank Digital Currencies Design(CBDC) choices have implication on energy consumption. This paper describes how...
Stablecoins that are not backed by assets to support them are a pyramid scheme, the head of the International Monetary Fund said Monday, hinting at the collapse of terraUSD...
(Bloomberg) — People shouldn’t completely shun the crypto world after the recent collapse of a popular stablecoin, an official at the International Monetary Fund said Monday. TerraUSD, or UST, imploded...
IMF Chief Crystalina Giorgieva clarified her stance on crypto while speaking at the world economic forum annual meeting she said that cryptocurrency is not necessarily money just because it...
Central Bank of the Argentine Republic (BCRA) bans all digital currency services offered by commercial banks, stating that no financial entity in the country may facilitate operations in unregulated...
IMF caution El Salvador to change course and stop the use of Bitcoin as legal tender, citing “large risks” posed by the cryptocurrency after the small Central American nation...