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  • Market Cap: $2,403,967,641,718.38
  • 24h Vol: $55,942,941,773.29
  • BTC Dominance: 56.52%

International Monetary Fund

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China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says

Leave a Comment / Anwar Ibrahim, Asian Monetary Fund, Bitcoin, China, chinese, Crypto Hacked, Cryptocurrency, currencies, Currency, dependence, Dollar, Ethereum, Fiat, fiat currency, IMF, International Monetary Fund, Malaysia, Malaysian, national currencies, News, regional currencies, reliance, renminbi, ringgit, trade, trade settlements, U.S. dollar, US Dollar, Xi Jinping, Yuan / / / , , , , , , , , , , , , , , , , , , , , , , , , ,

An idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The prime minister believes there is no reason for his country, which is hurting from a strong U.S. dollar, to remain dependent on the greenback. Malaysia Prepares to Trade With China in […]

China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says Read More »

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Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report

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Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold buyer, adding 23 tons to its central bank’s stash, while the People’s Bank of

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El Salvador Considers Opening Second Bitcoin Embassy in Texas to Boost Economic Exchange

Leave a Comment / alejandro zelaya, Bitcoin, Bitcoin adoption, Bitcoin Embassy, blockchain technology, commercial exchange, cross border transactions, Crypto Hacked, Crypto regulation, Cryptocurrency, currency risks, debt obligations, decentralized finance, Digital Assets, digital assets issuance law, disinformation, economic exchange, economic projects, El Salvador, Ethereum, financial sector, government officials, IMF mission statement, International Monetary Fund, Joe Esparza, Latin America, Lugano, Media, Milena Mayorga, Nayib Bukele, News, peer-to-peer transactions, slow adoption, Switzerland, Texas / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Feb. 14, 2023, Milena Mayorga, the Salvadoran ambassador to the United States, announced that her country is considering opening a second bitcoin embassy in the Lone Star State. Mayorga said that Texas is “our new ally” and the goal is to expand “commercial and economic exchange projects.” Ambassador Milena Mayorga Fosters Growing Relationship Between

El Salvador Considers Opening Second Bitcoin Embassy in Texas to Boost Economic Exchange Read More »

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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

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

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

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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

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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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