IMF

On April 18th, the International Monetary Fund (IMF) issued a statement stating that they were not involved in the so-called \”Unicoin\” Central Bank Digital Currency (CBDC) project

12: 00-21:00 Keywords: eToro, IMF, Yearn Finance, ETH
Important updates on the evening of April 13th
Cryptocurrency is quickly becoming a popular investment option, with more peopl

It is reported that the International Monetary Fund (IMF) has warned G20 countries that the widespread use of encrypted assets may cause banks to lose deposits and reduce loans. The report said: “The widespread use of encrypted assets has brought huge risks to the effectiveness of monetary policy, exchange rate management, capital flow management measures and fiscal sustainability. In addition, central bank reserves and the global financial safety net may need to be changed, resulting in potential instability. Finally, banks may lose deposits and have to reduce lending.” The report…

It is reported that the International Monetary Fund (IMF) said that the risk of using Bitcoin in El Salvador has not yet been revealed. However, the agency reported that it was necessary to remain vigilant and that El Salvador still deserved attention and transparency. In view of the legal risk, financial fragility and largely speculative nature of the cryptocurrency market, the authorities should reconsider their plans to expand the government’s risk against the special currency. Interpretation of this information: The International Monetary Fund (IMF) has commented on El Salvador’s plans…

It is reported that the International Monetary Fund (IMF) released a technical report on the launch of the retail central bank digital currency (rCBDC) in Jordan on February 23. It is reported that the International Monetary Fund conducted a three-month investigation last year. During its work from July to September 2022, the IMF gave a basically positive evaluation of the country’s existing retail payment market, saying that it was well integrated. The report points out that two non-bank payment service providers (PSPs) have “generally available and appropriate products”, and the…

It is reported that the International Monetary Fund does not grant cryptocurrency the status of official currency or legal tender. Interpretation of this information: The International Monetary Fund (IMF) has announced that it does not recognize cryptocurrency as an official currency or legal tender. This statement comes as a big blow to cryptocurrency enthusiasts and investors who were hoping that cryptocurrency would become a viable alternative to traditional currency. While there are many advantages to using cryptocurrency, such as enhanced security and lower transaction fees, the IMF has decided that…

12:00-21:00 Key words: IMF, Korea, Polygon, Softbank Interpretation of this information: The given message pertains to certain events and news that have surfaced recently and are significant in their own right. Firstly, it mentions the IMF (International Monetary Fund), which is an international financial institution that primarily provides financial assistance to its member countries in times of economic distress. It is also responsible for monitoring and maintaining the stability of the global financial system. This presumably implies that there has been some recent development or news related to the IMF….

According to reports, the International Monetary Fund (IMF) said that the use of Bitcoin in El Salvador was “likely to increase”. Interpretation of this information: Recently, the International Monetary Fund (IMF) has indicated that there is a likelihood that the usage of Bitcoin in El Salvador may increase. This is interesting news, as El Salvador made history by becoming the first country in the world to declare Bitcoin as legal tender on September 7, 2021. This means that the cryptocurrency can be used to pay for goods and services in…