El Salvador Amends Bitcoin Law amid IMF Pressure
Despite regulatory changes, El Salvador maintains its vision of a crypto-powered economy.
IMF Pushes Kenya to Tighten Crypto Laws: Clear Rules Needed
By Bena Ilyas
The IMF has recommended immediate reforms to mitigate risks and strengthen oversight in Kenya’s cryptocurrency market.
El Salvador Plans Faster Bitcoin Accumulation Despite IMF Agreement
Despite new IMF loan restrictions, El Salvador reaffirms its commitment to Bitcoin, announcing plans to accelerate acquisitions while maintaining educational and development initiatives.
El Salvador’s $1.3B Bet: Bitcoin Policy Shift Paves Path to IMF Deal
By Bena Ilyas
An IMF deal could unlock an additional $2 billion in funding, stabilizing El Salvador’s financial standing after years of global isolation.
IMF Attacks Crypto Mining Industry Proposing 85% Electricity Price Surge
The IMF executives believe that higher taxation might encourage AI data centers and crypto miners to use more energy-efficient equipment and thereby undertake less energy-intensive operations.
IMF: CBDCs Can Help Middle-East Boost Its Financial Inclusion Plan
A recent IMF survey conducted for Central Asia and the Middle East region shows that central bank digital currencies (CBDCs) may be useful for financial inclusion and lower financial costs. However, the IMF noted that adopting a CBDC requires careful consideration.
Bitwise CIO Shares 3 Key Takeaways from IMF Bitcoin Payments Report
One of Hougan’s takeaways from the IMF Working Paper hinges on the fact that the organization is interested in Bitcoin.
Davos 2024: IMF Warns AI Can Worsen Global Inequality Eating 40% of Jobs
The IMF has also warned that AI could further broaden income and wealth inequality among countries. AI benefits and challenges would be key points of discussion at World Economic Forum (WEF) meeting in Davos.
IMF Predicts Japan’s Nominal GDP Fall to Fourth Place behind Germany
Looking forward, the IMF projections suggest a continued shift in the global economic landscape.
G20 Finance Ministers Unveil Joint Communique to Regulate Crypto Assets
The initiative follows the introduction of a roadmap proposed in a synthesis paper by the IMF and FSB, aimed at fostering international policies and regulations for crypto assets.
World’s Fastest Growing Economy Could Expand More than 100% Over Next Five Years
By Tolu Ajiboye
Guyana was the world’s fastest growing economy for 2022 and is expected to retain the title until 2025 as oil production increases.
IMF Seeks Ways to Tax Crypto Assets
To tax crypto, the IMF explained that the distributed ledger technology could be helpful.
OECD Data: UK Is Only G7 Country where Inflation Is Still Rising
By Tolu Ajiboye
Inflation in the UK is still on the rise despite continuous hikes in interest rates and inflation reductions in other G7 countries.
IMF Is Working on Global CBDC Platform
The IMF project on the global CBDC platform is aimed at enhancing the efficacy of payment systems.
IMF Chief Assures Robust Lending despite Economic Uncertainty
By staff writer
IMF director Kristalina Georgieva highlighted the stability of lending while urging the US Federal Reserve to consider further actions in response to an uncertain economic climate.