IMF
-
Cryptocurrency
Stablecoins Can’t Meet Global Demand According To Knot
Cryptocurrencies and stablecoins face many legal and international issues. While some coins are not accepted in some countries, issues such as security, competition, and mining waste are the subject of debate. In one such process, FSB President Klaas Knot made a statement on stablecoins this time. Knot Stable cryptocurrencies will not meet global standards in the future Stablecoins Will Fail to Meet Global Requirements According to FSB Chairman Klaas Knot,…
Read More » -
Cryptocurrency
No Legal Status For Cryptocurrencies!
The legitimacy of cryptocurrencies continues to be debated. Although countries have made different decisions on this issue, America and Europe are still unable to make a concrete change in the law on this issue! Finally, an employee in America was sentenced to 10 months in prison for sharing information about the cryptocurrency company he worked for with his friend and brother. IMF Strongly Opposes Cryptocurrencies Recently, the IMF recommended in…
Read More » -
News
IMF Suggests That The Restrictions on Bitcoin Intercept Any Risk of a Speculative Market for El Salvador
Following a recent visit, the IMF has advised El Salvador to “reconsider” its intentions for using Bitcoin. Due to the “speculative nature” of the cryptocurrency markets, the worldwide monetary audit organization has recommended El Salvador to be cautious when increasing government exposure to them. The International Monetary Fund (IMF) stressed in a statement on February 10 that El Salvador’s usage of Bitcoin is “limited” and as a result, the dangers…
Read More »
