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The IMF has declined Pakistan’s bid for subsidised electricity for crypto mining, despite earlier plans to allocate 2,000 megawatts of surplus power to the sector. In a session with the Senate Standing Committee on Power, chaired by Senator Mohsin Aziz,…
BTC
Bitcoin
News
Deputy Managing Director at the IMF Bo Li sees two unresolved issues in the global fight over stablecoin dominance, specifically in the way stablecoins are classified. During his panel speech at the World Economic Forum’s Summer Davos meeting as reported…
News
El Salvador has continued its daily Bitcoin purchases, adding 240 BTC since December despite a $1.4 billion IMF agreement that discourages public-sector accumulation. El Salvador has purchased 240 Bitcoin (BTC) since Dec. 19 last year, despite a $1.4 billion loan…
BTC
Bitcoin
News
El Salvador is continuing to buy Bitcoin even after agreeing to scale back purchases as part of a $1.4 billion deal with the International Monetary Fund. The Central American nation’s Bitcoin Office is still buying Bitcoin (BTC) despite signing a…
BTC
Bitcoin
Feature
With Bitcoin now in the IMF’s books and U.S. reserves, is global crypto reporting entering a new phase — despite official resistance? IMF wakes up to crypto On Mar. 20, the International Monetary Fund (IMF) published the seventh edition of…
Feature
The IMF said to slow down. El Salvador said no. President Bukele’s government just added five more Bitcoins to its treasury, pushing its reserves past 6,111 BTC — defying the very institution that loaned it $1.4 billion just months ago.…
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El Salvador buys another 1 BTC to strengthen Strategic Reserve
Follow-up
El Salvador, the first country to adopt Bitcoin as legal tender in 2021, recently reversed its decision after pressure from the IMF. What led to this change, and what were the outcomes of its nearly four-year crypto experiment? The curious…
BTC
Bitcoin
News
El Salvador’s festive holiday celebrations amid IMF restrictions. As the country adds to its Bitcoin (BTC) reserve, El Salvador’s Christmas 2024 celebration has a distinctive Bitcoin-themed Christmas tree, further demonstrating the country’s everlasting dedication to the original cryptocurrency. On Dec.…
BTC
Bitcoin
News
El Salvador’s agreement with the IMF could shutter the country’s state-backed Bitcoin wallet Chivo, but not its overall BTC support.
BTC
Bitcoin
Follow-up
El Salvador is negotiating a $1.3 billion loan with the IMF that reportedly could bring significant changes to its Bitcoin legal tender law. In the coming weeks, El Salvador could finalize a multi-billion dollar deal with the International Monetary Fund…
BTC
Bitcoin
News
The IMF has urged Ukraine to complete virtual asset legislation by the end of 2024 due to regulatory concerns and economic potential. The International Monetary Fund (IMF) has urged Ukraine to finalize its update of legislation regarding virtual assets by…
News
The IMF wants Pakistan to increase tax measures on crypto profits to secure a $3 billion bailout for its faltering economy.
News
Payments giant Mastercard says adoption is the most challenging part for state-issued digital currencies. The second-largest payment-processing provider, Mastercard, sees no prospects for central bank digital currencies (CBDCs) shortly, as consumers nowadays are “comfortable using today’s type of money.” In…
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The IMF says that state-issued digital currencies can replace cash, which is costly to distribute in island economies. While the adoption of central bank digital currencies (CBDCs) is nowhere close, they can eventually replace cash, which is “costly to distribute…
News
The IMF Annual Meetings, which concluded on Oct. 15, put forward a roadmap to address "risks related to crypto currencies."
