IMF

ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’

</header> <strong>Newly installed European Central Bank President Christine Lagarde made controversial remarks in a recent statement prior to assuming her new role. The former IMF Managing Director implored: “isn’t it true that ultimately we have done the right thing to act in favour of jobs and of growth rather than the protection of savers?” Regarding …

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Indian Finance Minister Answers Crypto Questions at IMF Meeting

<header class=”article__header”> </header> <strong>At an IMF and World Bank meeting, Indian Finance Minister Nirmala Sitharaman talked about cryptocurrency and stablecoins when asked about Facebook’s Libra digital currency project. RBI Governor Shaktikanta Das also addressed the subject at the conference.</strong> Also read: Indian Supreme Court Postpones Crypto Case to November, New Date Confirmed Finance Minister Talks …

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IMF Has Another Trick Up Its Sleeve When Fiat Fails – Its Own Coin SDR

</header> <strong>Virtually everybody knows what a dollar is, but not as many know about the SDR. The International Monetary Fund’s (IMF) Special Drawing Rights is an international, monetary reserve system created specifically to address limitations of gold and standard fiat currencies such as the USD. In short, should these fail, central banks and their governments …

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Central Banks Worldwide Testing Their Own Digital Currencies

<header class=”article__header”> </header> <strong>Central banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden. India has also included the digital rupee in the country’s draft …

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IMF Predicts Central Banks to Issue Digital Currencies

The International Monetary Fund (IMF) believes that central banks may issue digital currencies in the future, according to a report by the IMF on June 27 According to the full paper, the IMF and World Bank conducted a survey on fintech that solicited answers from financial institutions within all member countries, and has based its …

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G20 Starts Crypto Discussions – A Look at Global Standards

<header class=”article__header”> </header> <strong>Finance ministers and central bank governors from the G20 countries have gathered this weekend for a two-day meeting ahead of the G20 summit, and cryptocurrency is among the topics of discussion. Global standard-setting bodies have submitted their policies and provided tools to help the member countries with the regulation of crypto assets …

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Bitcoin Hits All-Time High Versus Argentine Peso Amid Presidential Election Risks

The biggest cryptocurrency, bitcoin (BTC), has hit an all-time high versus the Argentine peso amid the ongoing decline of the currency, Financial Times (FT) reports on May 27. According to the report, the bitcoin price has soared to as high as 394,000 pesos ($8,762.95 at press time) per coin, exceeding prices versus the Argentine peso …

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How Security Tokens Can Prevent an Impending Financial Crisis

Many economists argue that the root causes of the 2008 global financial crisis have yet to be addressed comprehensively, or that measures taken have been exhausted, such as the extent to which quantitative easing was used, which has been put forward by the deputy director of the International Monetary Fund (IMF). Some argue that the …

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IMF Spring Meetings: Digital Money Is Imminent, But No Decentralization in Sight

The custodians of global financial order have been prominent in crypto news recently. The weekend kicked off with the announcement of the International Monetary Fund (IMF) joining forces with the World Bank to launch a private blockchain coupled with a “quasi-cryptocurrency” for training purposes, then continued with the Spring Meetings of the two organizations’ Boards of Governors in …

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Central Bank Digital Currencies Take Center Stage at IMF Spring Meetings

<strong>Central bank digital currencies (CBDCs) featured prominently when global financial leaders met for this year’s World Bank Group and International Monetary Fund (IMF) joint Spring Meetings in the United States. Faced with emerging disruptive technologies like Bitcoin, their discussions also focused on how money and payments are taking on new forms throughout the world. There …

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