Global Stablecoins Could Eventually Become Reserve Currencies: IMF Paper

2020-12-17 17:09

The IMF paper suggests the U.S. dollar's role as the dominant reserve currency is safe for now, but private digital currencies could come to compete in time.

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currencies imf → Результатов: 53


Crypto’s Have ‘Intriguing Possibilities’ But Won’t Replace USD As Global Reserve Currency: IMF Chief

International Monetary Fund’s (IMF) chief economist, Gita Gopinath, said on Tuesday that digital currencies aren’t threatening the US dollar’s role in the global trade. She also mentioned that while cryptocurrencies seem to offer intriguing possibilities, they still aren’t globally accepted and lack the infrastructure they need to defeat the US dollar in order to become […]

2020-1-7 18:49


IMF Committed to Bitcoin Adoption and Fostering a “Cashless Society”

International Monetary Fund that fosters global monetary cooperation and secure financial stability is keen on a digitized world and is having a “cashless society”vision. Recently, IMF released a report titled Crypto Currencies and Monetary Policy by Jeffrey Franks, Director of IMF Europe Office where he talks about how “Money has evolved over time, to meet […]

2019-2-9 23:37


Are Central Bank-backed Cryptocurrencies the Real Future of Blockchain Assets?

There have been discussions, since 2014, concerning central banks and the issuance of digital payment vehicles. The formal term, Central Bank Digital Currencies (CBDCs) are at the center of most of the discussions, which the Bank for International Settlements (BIS) and the International Monetary Fund (IMF) are heading. There has also been growth in the […]

2018-12-9 13:08


Ripple CEO Asks IMF Deputy: Don’t Central Banks Already Issue Digital Assets-Versions of Their Fiat?

CEO Ripple, Brad Garlinghouse stood beside IMF Deputy General Counsel, Ross Leckow in a presentation on their opinions on digital currencies during the Singapore Fintech Festival. The pair were asked questions on their views about the current digital asset market and the role of central banks by the audience. Conservative Counsel As a high ranking […]

2018-11-14 10:25


IMF: Rapid Development of Cryptocurrencies Poses Challenges to Financial System

Christine Lagarde, head of the International Monetary Fund (IMF), said the world is on the verge of another financial crash. The increased cybersecurity risk coming from the rapid development of financial technologies such as digital currencies is a reminder that the permanent evolution of the financial system requires vigilant regulators and supervisors, she added.

2018-10-4 13:00