IMF Reveals Crypto Action Plan, Advises Against Crypto’s Legal Tender Status
In a recent development, the IMF has come forward with a nine-point action plan that specifies how countries should treat cryptocurrencies. The action plan advises...
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Crypto Trading Volume is Outperforming Stocks Market in Asia, says IMF
Recent analysis has shown a 10-fold increase in the return correlations between cryptocurrencies and stock markets in various locations, particularly in Asia, where top adopters...
IMF Deputy Managing Director says: Crypto Assets are a Very Risky Asset Class
The deputy managing director of the International Monetary Fund, Gita Gopinath told India Today TV that crypto assets are an exceedingly risky, speculative asset class...
Bitcoin Crash Leaves El Salvador on the Ropes
El Salvador has been buying bitcoin since September last year, slashing about a third of the value of the government’s assets as a result of...
The Bank of Central African States Says New Bitcoin Law Will Have “Significant Negative Impact”
The Central African Republic continues to face backlash over its decision of accepting Bitcoin. In a recent development, the Governor of the Bank of Central...
IMF Publishes Cryptocurrency Explainer, Asserts It ‘Could Be the Next Step in the Evolution of Money’
The IMF tweeted a video clarifying what cryptographic money is on Sunday that quickly turned into a web sensation. Alluding to digital currency as “an...