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The International Monetary Fund (IMF) is concerned about the crypto space after the collapse of both Luna and Terra USD. The IMF Is Worried About Ongoing Crypto Use The latter was an algorithmic stable currency that lost its peg a few months ago. This resulted in not only the coin and its sister asset Luna collapsing completely, but investors ultimately losing billions of dollars overnight. The IMF said in a recent interview that this likely won’t be the only time...

The International Monetary Fund (IMF) is worried about all the bitcoin love and adoption that’s occurring all over the world. The agency feels that all this bitcoin usage bears some level of danger to the world’s standard financial systems. The IMF Warns About Further Bitcoin Usage Interestingly, the IMF recently expressed this concern directly to El Salvador, a Central American nation that declared bitcoin legal tender back in September of last year. Now in its seventh...

As a means of avoiding assistance from the International Monetary Fund (IMF), the Central American nation of El Salvador is looking to sell debt that’s fully backed by bitcoin. The IMF has already asked the country to avoid all bitcoin activity in the future, though El Salvador graciously responded by giving the global organization the finger, claiming on social media that it would never step away from crypto. El Salvador Will Sell Bitcoin-Backed Debt The bitcoin-backed...

Nayib Bukele – the president of the Central American country of El Salvador – is telling the International Monetary Fund (IMF) to “talk to the hand” because he’s clearly not listening. El Salvador Isn’t Listening to the IMF Not long ago, the IMF made headlines when it practically got down on its knees and begged El Salvador to reject bitcoin forever and dismiss its newfound crypto agenda. Nothing good could come of BTC in the agency’s mind given that the asset is prone...

The International Monetary Fund (IMF) is telling El Salvador to forget about bitcoin for good and to forgo any further plans involving the world’s number one digital currency by market cap. The financial giant is saying that bitcoin is too volatile and risky to be used as legal tender, and it is asking the Central American nation to revert to the old ways of using the U.S. dollar. The IMF Wants El Salvador to Get Rid of BTC El Salvador made history last year when it...

According to the International Monetary Fund (IMF), crypto traders need to accept the idea of stronger regulation if they are ever going to be safe from hackers and other illicit players. The IMF Says Regulation Needs to Happen There have been several arguments as of late claiming that the bitcoin space is prone to criminal activity from those who would like to launder money, fund terrorist organizations, and commit themselves to illicit projects. In addition, the crypto...

The International Monetary Fund (IMF) is advising all countries to avoid making bitcoin or any other form of crypto their national currencies. The IMF Advises Making BTC Anything Other Than a Speculative Asset In a blog post, the IMF advises against making any sort of digital asset the currency of a national people. While the post does not mention any specific region, many countries – such as China – have turned towards making digital versions of their national...

IWF rechnet mit schwerer Rezession Nach Wochen der Pandemie geht der Internationale Währungsfonds (IWF) mittlerweile davon aus, dass es wegen COVID-19 im laufenden Jahr zu einer scheren Rezession in Europa kommen wird. Wie Poul Thomson, IWF-Direktor der Europa-Abteilung, am vergangenen Montag über einen Blog-Beitrag mitteilte, sei es eine „Gewissheit“, dass aufgrund der...