Iran’s president slammed the UN Security Council and International Monetary Fund (IMF) at the BRICS summit, accusing them of losing effectiveness due to Western interference. He called for BRICS nations to reduce reliance on Western financial systems and push for a new global order. The president urged the bloc to strengthen alternative institutions and reshape…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Global inflation is set to ease, potentially providing relief to risk assets like cryptocurrencies, according to the International Monetary Fund (IMF). In its latest World Economic Outlook report, the IMF projects that inflation will fall to 3.5% by the end of 2025, down from a peak of 9.4% in…
The rapid rise of BRICS is challenging the relevance of the G20 as a global platform, with BRICS nations now surpassing the G7 in economic output. As BRICS gains influence, discussions about reforms to major international organizations, including the IMF and UN, are intensifying. According to an expert, the G20’s future is increasingly uncertain as…
BRICS is emerging as a potential alternative to the World Bank and International Monetary Fund (IMF), challenging the dominance of Western-led financial institutions, according to Cuba’s Permanent Representative to the United Nations. With major economies like China and Russia among its members, BRICS offers developing nations more favorable financial terms. Countries such as Cuba and…
A Zimbabwean professor has highlighted the BRICS New Development Bank (NDB) as a crucial alternative to the International Monetary Fund (IMF), offering better financial terms to developing nations. He emphasized the NDB’s role in helping countries like Zimbabwe escape debt cycles and discussed the introduction of Zimbabwe Gold (ZiG), a currency backed by mineral wealth,…
The U.S. share of the global economy has fallen below 15% during President Joe Biden’s term, according to Sputnik’s analysis of World Bank and International Monetary Fund (IMF) data. Once peaking at over 21% in 1999, the U.S. has seen a steady decline, with China now commanding a larger share at 18.76%. This downward trend…
The International Monetary Fund (IMF) has advised El Salvador to narrow the scope of its bitcoin law, strengthen regulation and oversight of the cryptocurrency, and limit public sector exposure. The IMF remains engaged with the country to support reforms and ensure bitcoin adoption does not threaten financial stability. IMF Urges El Salvador to Tackle Bitcoin…
October 5, 2024 at 12:50 PM GST updated: October 5, 2024 at 11:23 AM 2 mins read Crypto Live News The IMF encourages El Salvador to limit its Bitcoin law to protect the economy from volatility risks and ensure financial stability. El Salvador’s Bitcoin adoption faces challenges, with efforts like airdrops failing to achieve good…
The IMF wants El Salvador to limit “public sector exposure to Bitcoin” The financial agency’s remarks follow an August statement, which talked about “mitigat[ing] the risks from Bitcoin” The International Monetary Fund (IMF) has recommended that El Salvador reduce the scope of its Bitcoin law and limit the public’s exposure to Bitcoin. During a press…
The IMF urges El Salvador to scale back its Bitcoin policies, warning of financial stability risks. President Bukele aims for fiscal independence by 2025, reducing reliance on foreign debt. Once more, the International Monetary Fund (IMF) has urged El Salvador to scale its Bitcoin policy and improve its digital asset regulatory system. According to Reuters,…
El Salvador has doubled down on its Bitcoin moves despite ongoing pressure from the International Monetary Fund (IMF) regarding the country’s use of the digital asset. On Oct. 4, Juan Carlos Reyes, President of the National Commission on Digital Assets (CNAD), announced that the Central American country’s lawmakers had passed “important amendments to the CNAD…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 In a press conference on October 3, the International Monetary Fund (IMF) reiterated its calls for El Salvador to revise its Bitcoin policies, advocating for a reduction in the country’s exposure to the digital asset. Julie Kozack, director of the IMF’s communications department, emphasized the need for El Salvador…
Global investment bank JPMorgan’s analysts have highlighted the growing impact of the “debasement trade” in boosting gold and bitcoin prices. Gold’s rise is linked to inflation, geopolitical instability, and waning trust in fiat currencies. Both institutional and retail investors are viewing gold and bitcoin as safe havens amid global economic uncertainty, with future trends depending…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 The International Monetary Fund (IMF) has reportedly taken another step toward promoting central bank digital currencies (CBDCs) with the release of its latest guidance aimed at policymakers and financial institutions worldwide. On September 21, the IMF issued a report titled “Central Bank Digital Currency Adoption Inclusive Strategies for Intermediaries…
It proposed a high-level framework REDI—regulation, education, design, and deployment. The REDI framework was prepared by staff members of the International Monetary Fund. Policymakers and financial institutions may find guidance on how to boost the use of central bank digital currencies (CBDCs) in a new guide issued by the International Monetary Fund (IMF). September 21…
Amid the continued growth of the BRICS alliance, the International Monetary Fund (IMF) has recently highlighted that the bloc is leading the G7 group in four distinct and crucial areas. Indeed, they note that the gap between the Western bloc and the Global South collective is lessening. The BRICS group took a massive step toward…
XRP is a prominent subject of discourse in global cross-border and payment solutions. The coin is linked to the Ripple Labs ecosystem, with a rich payment solution record. With its growing popularity, XRP is now linked with Tesla CEO Elon Musk, the International Monetary Fund (IMF), and the World Bank. As a result, there is…
President Nayib Bukele pondered how El Salvador adopted the bitcoin banner and evaluated how it has fared for the country so far. In a recent interview given to Time magazine, Bukele admits that while Bitcoin adoption has not grown as he expected, adopting bitcoin as a legal tender worked as a rebranding for the nation….
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the possibilities of making Bitcoin an important part of the proposed economic overhaul plan of El Salvador. Latam Insights Encore: El Salvador Might Benefit Putting Bitcoin at the Center of…
In a post on X on Aug. 16, crypto ESG advocate and researcher Daniel Batten posted a rebuttal to an Aug. 15 IMF report on Bitcoin mining emissions. He argued that the IMF report uses flawed rhetorical techniques, such as “guilt by association,” by linking Bitcoin mining with AI data centers’ energy consumption. The report…