Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,399,169,394,324.12
  • 24h Vol: $53,361,005,239.12
  • BTC Dominance: 56.62%

IMF

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IMF Report on El Salvador’s Bitcoin Adoption: Risks Averted, but Transparency Needed

Leave a Comment / 2.8% growth, Article IV consultation, Bitcoin, consumer protection, counterparty risks, crypto assets, Crypto Hacked, Cryptocurrency, economic vulnerabilities, El Salvador, Ethereum, financial integrity, financial situation, fiscal contingencies, fiscal sustainability, fiscal transparency, government transactions, growth, IMF, International Monetary Fund, Investments, legal tender, legislative reforms, limited use, mission statement, Nayib Bukele, News, Recommendations, risks, Salvadoran economy, Salvadoran President Nayib Bukele, Stability, state-owned wallet, tokenized bonds, Transparency, Treasury / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

According to a recent mission statement published by the International Monetary Fund (IMF), El Salvador has adopted bitcoin as legal tender and has avoided risks so far. The IMF states that the risks have not materialized due to the limited use of bitcoin. However, the United Nations financial agency warns that if its legal tender […]

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Report: Egyptian Lawmakers Hail Parliament’s Endorsement of Pact to Join BRICS Bank

Leave a Comment / Bitcoin, brics, Crypto Hacked, Cryptocurrency, Dollar domination, Economics, Ethereum, foreign currency reserves, IMF, Mervat Mattar, Mohamed Abdel-Hamid, New Development Bank, Ukraine-Russia war, US Dollar / / / , , , , , , , , ,

Egyptian lawmakers recently hailed the parliament’s endorsement of a pact that allows the country to join the New Development Bank, a report has said. According to the report, the lawmakers believe joining this BRICS-backed institution will help Egypt reduce its demand for dollars and enable it to preserve its forex reserves. Joining BRICS Following the

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IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance

Leave a Comment / basel committee, Bitcoin, Bo Li, contagion, Crypto Hacked, Cryptocurrency, Ethereum, IMF, International Monetary Fund, Nobuyasu Sugimoto, Regulation, Stablecoins, systemic risks, volatility / / / , , , , , , , , , ,

An International Monetary Fund (IMF) division chief and deputy managing director are calling for more action to be taken in the regulatory aspect to avoid crypto’s ups and downs affecting banks and traditional financial institutions. Nobuyasu Sugimoto, deputy division chief of the financial supervision and regulation division of the IMF, and Bo Li, deputy managing

IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance Read More »

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Report: Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate Regime

Leave a Comment / Abu Dhabi Commercial Bank, Africa, Analysts, Bitcoin, Crypto Hacked, Cryptocurrency, depreciation, Dollar, Egypt, egyptian pound, Ethereum, Exchange rate, Farouk Soussa, Flexible exchange rate, IMF, International Monetary Fund, Investors, Monica Malik, pound, regime, US Dollar / / / , , , , , , , , , , , , , , , ,

The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange rate regime. According to the International Monetary Fund, the monetary authorities in Egypt have

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Report: Morocco Central Bank Governor Says Crypto Draft Law Now ‘Ready’

Leave a Comment / Abdellatif Jouahiri, Bank-Al-Maghrib (BAM), Bitcoin, Central Bank of Morocco, crypto draft, Crypto Hacked, Crypto law, Cryptocurrency, Ethereum, IMF, Insurance Supervisory Authority and Social Security (ACAPS), Moroccan Capital Market Authority (AMMC), Regulation, World Bank / / / , , , , , , , , ,

A Moroccan draft crypto law, which seeks to protect individuals from the risks associated with crypto trading, is ready and will soon be presented to stakeholders, Abdellatif Jouahiri, the governor of Bank Al-Maghrib (BAM), has said. Adoption of crypto by Moroccan residents is now inevitable hence a regulatory framework is needed. BAM to Hold Discussions

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IMF Warns of Tough Year Ahead for World Economy Citing Slowdown in US, EU, China

Leave a Comment / Bitcoin, China, China Covid policy, Chinese Economy, Crypto Hacked, Cryptocurrency, Economics, Ethereum, EU economies, IMF, IMF china, IMF EU, IMF predictions, IMF US, US economy, us recession, world economy, world recession / / / , , , , , , , , , , , , ,

The International Monetary Fund (IMF) has warned that 2023 will be a tougher year for most of the world economy because the U.S., EU, and Chinese economies are all slowing down simultaneously. “We expect one-third of the world economy to be in recession … Even countries that are not in recession, it would feel like

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