Latest News and Articles about IMF
IMF’s BPM7 Integrates Bitcoin into Global Finance, Signals Crypto’s Rise
IMF’s New Standards Signal Bitcoin’s Growing Role in Global Finance IMF releases new standards for monitoring crypto transactions. Bitcoin classified as a non-financial asset, stablecoins as financial instruments. U.S. and El Salvador make notable moves in crypto governance. The International Monetary Fund (IMF) has taken a bold leap into the digital age with the release […]
Read MoreSouth Korea Rejects Bitcoin Reserves, Explores Won-Backed Stablecoin
Bitcoin In Reserves? South Korea’s Central Bank Won’t Bite South Korea’s central bank, the Bank of Korea (BOK), has firmly rejected the inclusion of Bitcoin in its foreign exchange reserves, citing the cryptocurrency’s significant price swings and failure to meet International Monetary Fund (IMF) standards. However, local advocates and legislators are pushing forward with plans […]
Read MoreNamibia Forges Ahead with CBDC Despite IMF Warnings
Namibia Defies IMF’s Caution, Presses On with CBDC Project Namibia’s central bank is boldly pushing ahead with its Central Bank Digital Currency (CBDC) project, aiming to enhance financial inclusion and streamline cross-border payments, despite the International Monetary Fund’s (IMF) advice to pause and reassess. BoN advances CBDC project against IMF advice Aims to enhance financial […]
Read MoreEl Salvador Adds 13 BTC to Reserves Amid IMF Loan Talks
El Salvador Bolsters Bitcoin Reserves Amidst IMF Negotiations In San Salvador, Juan, a local entrepreneur, uses Bitcoin to pay for his morning coffee, a testament to the country’s embrace of the cryptocurrency. El Salvador isn’t backing down from its bold Bitcoin strategy, adding 13 BTC to its national reserves in March 2025, bringing its total […]
Read MoreEl Salvador Reverses Bitcoin Legal Tender Status Amid IMF Pressure
El Salvador Ends Bitcoin Legal Tender: A Closer Look at Why It Didn’t Work El Salvador’s decision to drop Bitcoin as legal tender on January 30, 2025, marks the end of a bold experiment that began in 2021. The move was influenced by the International Monetary Fund (IMF) and reflects the challenges faced in integrating […]
Read MoreEl Salvador Makes Bitcoin Payments Optional Amid IMF Deal: A Pragmatic Shift
El Salvador Adjusts Bitcoin Law Amid IMF Deal, Making BTC Payments Optional for Businesses El Salvador has adjusted its Bitcoin law to make payments in the cryptocurrency optional for businesses, influenced by an IMF deal and economic pressures. This amendment reflects a pragmatic response to the challenges of integrating Bitcoin into the national economy. El […]
Read MoreEl Salvador Boosts Bitcoin Reserves to 6,044 BTC Despite IMF Deal
El Salvador’s Bold Bitcoin Strategy Persists Despite IMF Agreement El Salvador has added another 12 BTC to its strategic reserves, showcasing its unwavering commitment to Bitcoin despite a recent agreement with the International Monetary Fund (IMF) to scale back some of its crypto policies. El Salvador acquires 12 more BTC, total now 6,044 BTC Bitcoin […]
Read MoreEl Salvador’s Bitcoin Adoption Boosts Tourism by 22% in 2024
El Salvador’s Tourism Surges Amid Bitcoin Adoption El Salvador has witnessed a significant increase in tourism following its groundbreaking adoption of Bitcoin as legal tender, with 3.9 million tourists visiting in 2024, marking a 22% rise from the previous year. 3.9 million tourists in 2024 (22% increase) Improved security and construction boom IMF agreement imposes […]
Read MoreIMF Urges Kenya to Regulate Crypto, Appoints Marathon Digital for Guidance
IMF Urges Kenya to Establish Clear Crypto Regulations to Tackle AML/CFT Risks The International Monetary Fund (IMF) has called on Kenya to develop a comprehensive regulatory framework for cryptocurrencies to address rising risks associated with Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT). This push for regulation comes as Kenya appoints Marathon Digital, […]
Read MoreEl Salvador’s 6,000 BTC Reserves Defy IMF: A Crypto Nation’s Bold Leap Forward
El Salvador’s Bitcoin Boldness: 6,000 BTC Strong Despite IMF Scrutiny El Salvador’s embrace of Bitcoin continues to make waves, with the nation’s reserves now soaring past 6,000 BTC. This bold statement, despite International Monetary Fund (IMF) skepticism, cements El Salvador’s position as a trailblazer in cryptocurrency adoption and ignites a debate about the future of […]
Read MoreEl Salvador Defies IMF with Bold Bitcoin Strategy, Eyes 20,000 BTC Reserves
El Salvador’s Bold Bitcoin Bet Amid IMF Constraints El Salvador has once again made headlines with its audacious cryptocurrency strategy, significantly ramping up Bitcoin purchases and pushing its reserves to over $574 million. This comes shortly after securing a IMF loan agreement terms with El Salvador 2023 for $1.4 billion, which ironically demands a scaled-back […]
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