IMF Urges El Salvador to Drop Bitcoin Tender Law, Executive Board Report criticizes BTC Bonds, Chivo Wallet

IMF Urges El Salvador to Drop Bitcoin Tender Law, Executive Board Report criticizes BTC Bonds, Chivo WalletThe International Monetary Fund (IMF) has been very critical of cryptocurrencies and according to a report on Tuesday, the IMF’s board has “urged” El Salvador to discontinue its bitcoin tender status. A few members of the IMF’s board said the country’s decision to leverage bitcoin within its financial system could pose risks. IMF Report Attempts […]

IMF: Crypto Could Soon Pose Risks to Countries’ Financial Stability

IMF: Crypto Could Soon Pose Risks to Countries’ Financial StabilityEconomists at the International Monetary Fund (IMF) say that “crypto assets are no longer on the fringe of the financial system.” In addition, they “could soon pose risks to financial stability especially in countries with widespread crypto adoption.” ‘Our Analysis Suggests Crypto Assets Are No Longer on the Fringe of the Financial System’ The International […]