Retail CBDCs Bring Unknown ‘Consequences’ to Financial System: IMF Director
A myriad of unforeseeable “consequences” will be brought about by retail central bank digital currencies (CBDCs), the managing director of the International Monetary Fund (IMF) claimed.
IMF To Publish CBDC Handbook in Response to Increasing Demand for Guidance
With interest in central bank digital currencies (CBDCs) at an “unprecedented” level, the International Monetary Fund (IMF) is experiencing heavy demand for guidance in regard to them. In response, the IMF planned to release a CBDC handbook, deputy managing director Bo Li said in a recent speech.
IMF Economist Warns of Side Effects From Sharp Monetary Policy Tightening — Says Financial Risks Have Increased
The International Monetary Fund’s (IMF) economic counselor has warned of the side effects of sharp monetary tightening. Noting that “Inflation is much stickier than anticipated,” he stressed that “financial risks have risen.”
IMF Reiterates Call for Crypto Regulation After the Ecosystem’s ‘Rough Year’
The International Monetary Fund, or IMF, has pointed to the collapse of FTX as well as “turmoil” in the banking sector in its calls for regulation of digital assets.
Peru Considering CBDC to Improvement Payment System: Former IMF Adviser
The Central Reserve Bank of Peru (CRBP) has published a paper that it said will be the first in a series to examine the need, design and timing of a Peruvian central bank digital currency (CBDC), John Kiff, research director at the Sovereign Official Digital Association (SODA), reported. The report concentrates on issues relating to a retail CBDC.
IMF had Warned G-20 That Widespread Crypto Use Would Impact Banks
The International Monetary Fund (IMF) had warned the Group of 20 (G-20) nations that the widespread proliferation of crypto assets could lead to banks losing deposits and curtailing lending.
Cointime News Wrapup-Afternoon Version: 30-Day Crypto Capital Flows Return to Positive Levels
Money is returning to crypto markets faster than it is leaving as capital flows turn green again for the first time in nine months.
India Asks IMF and FSB for Joint Paper To Help Formulate ‘Comprehensive’ Crypto Policy
India has asked the International Monetary Fund (IMF) and Financial Stability Board (FSB) to develop “a synthesis paper” on crypto assets as part of the G20 meeting of finance ministers and central bank governors under India’s presidency. “This would help in the formulation of a coordinated and comprehensive policy approach to crypto assets,” said India’s finance ministry.
Global Crypto Rules to Be Based on Coming FSB & IMF Synthesis Paper, India Announces After G20 Meetings
The basis of coming global crypto rules will be formed on a new synthesis paper, jointly produced by the International Monetary Fund (IMF) and the Financial Stability Board (FSB), announced India as the holder of the Group of 20 (G20) Presidency in Bangalore on Saturday.
IMF Provided Jordan’s Central Bank With Recommendations for Implementing Retail CBDC
Last year, the IMF conducted a three-month mission to aid the bank in preparing a feasibility report on CBDC. The report was released by the IMF on February 23.
