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El Salvador doubles down on Bitcoin, defies IMF concerns
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 […]
IMF proposes 85% power tax hike on crypto and AI data centers
The International Monetary Fund (IMF) has proposed higher energy taxes to reduce emissions from crypto miners and artificial intelligence (AI) data centers, according to an Aug. 15 report. The IMF […]
IMF acknowledges progress in El Salvador’s Bitcoin strategy
The International Monetary Fund (IMF) conceded that the potential risks tied to El Salvador’s adoption of Bitcoin as legal tender have not materialized. On Aug. 6, the financial regulator’s team, […]
CBDCs could boost financial inclusion, ease cross-border payments in the Middle East, IMF says
Central Bank Digital Currencies (CBDCs) could enhance financial inclusion in the Middle East and improve cross-border payments, according to a survey by the International Monetary Fund (IMF). The regulator pointed […]
IMF backs crypto to solve Nigeria’s forex issues despite local crackdown
The International Monetary Fund (IMF) has recommended that Nigeria embrace the regulated use of digital assets by licensing international crypto exchanges.The watchdog made the proposal in its latest consultation report […]
XRP Sinking? A Series Of Underperformance And Address Exodus
Ripple’s XRP has been struggling to regain its momentum, as its performance continues to lag behind that of its competitors in the crypto market. Recent data from CoinMarketCap reveals that […]