IMF Offers Jordan’s Central Bank Recommendations for Implementing Retail CBDC
The Central Bank of Jordan is closer to its next step toward a retail central bank digital currency (rCBDC) with the completion of an International Monetary Fund (IMF) technical report on the country’s markets. The IMF conducted a three-month mission last year to assist the bank with preparations for a CBDC feasibility report. The IMF released its report Feb. 23.
IMF Releases Crypto Action Plan, Advises Against Legal Tender Status
World governments should not grant cryptocurrency legal tender status, the International Monetary Fund’s (IMF) executive board said in its new nine-point action plan on how countries should approach crypto assets published Thursday.
IMF Said Crypto Assets Should Not Be Granted Official Currency or Legal Tender
Regulations shouldn’t stifle innovation, and the public sector can benefit from the underlying technology of crypto assets, the statement added.
IMF Board ‘Generally Agreed’ Crypto Shouldn’t Be Legal Tender
Cryptocurrency should in general not be granted legal tender status, the International Monetary Fund’s (IMF) Executive Board said in a statement Thursday.
IMF Calls for Coordinated Action Over Fears Crypto Could Undermine Global Monetary System
The International Monetary Fund took a seemingly tough stance toward growing crypto adaptation with a set of recommendations for member countries and a call for a "coordinated response."
IMF Warns El Salvador Against Using Tokenized Securities to Fund Bitcoin Purchases
The International Monetary Fund (IMF) has cautioned El Salvador against using tokenized bonds to fund Bitcoin purchases and urged it to reconsider its plan to expand its exposure to the cryptocurrency.
IMF Slams El Salvador Bitcoin Bonds (Again), But Tourism Spikes 30%
The International Monetary Fund (IMF) has issued a critical statement regarding El Salvador’s Bitcoin bonds. The global body published a report stating that the country should address any risks.
El Salvador’s Bitcoin Risks ‘Have Not Materialized,’ IMF Says
The International Monetary Fund said the risks of El Salvador's bitcoin adoption "have not materialized" — primarily thanks to its "limited" use — but caution is warranted.
India Reveals IMF is Working With G-20 for Crypto Regulations
For the first time since taking over the G-20 presidency, India has officially revealed details of the ongoing work around how to regulate crypto.
IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance
An International Monetary Fund (IMF) division chief and deputy managing director are calling for more action to be taken in the regulatory aspect to avoid crypto’s ups and downs affecting banks and traditional financial institutions. Nobuyasu Sugimoto, deputy division chief of the financial supervision and regulation division of the IMF, and Bo Li, deputy managing director at the IMF, believe that, given the growing links between legacy finance and crypto, cryptocurrency’s volatility might bring systemic risks to the existing markets.
