US Senators Still Think Bitcoin Adoption in El Salvador Could Pose a Threat

El Salvador’s Bitcoin experiment could be a risk the the States, a handful of lawmakers argue.

• 2023-06-03
• El Salvador Foreign Relations Committee Jim Risch economic stability legal tender Bob Menendez

IMF releases crypto action plan, advises against legal tender status

World governments should not grant cryptocurrency legal tender status, the International Monetary Fund’s (IMF) executive board said in its new nine-point action plan on how countries should approach crypto assets published Thursday. See related article: India working with IMF, FSB on crypto regulations, says economic affairs secretary Fast facts See related article: India’s finance minister […]

• 2023-02-24
• crypto assets crypto regulations legal tender status World governments monetary policy legal tender member countries

IMF against making crypto legal tender, issues action plan

The International Monetary Fund has made recommendations on how countries should handle crypto assets.

• 2023-02-24
• International Monetary Fund cryptocurrencies IMF member countries legal tender

IMF lays out crypto action plan, recommends against legal tender status

The International Monetary Fund has laid out a nine-point action plan for how countries should treat crypto assets, with point number one a plea not to give cryptocurrencies such as bitcoin legal tender status. The global lender of last resort said its Executive Board had discussed a paper, "Elements of Effective Policies for Crypto Assets," that provided "guidance to IMF member countries on key elements of an appropriate policy response to crypto assets." Such efforts have become a priority f

• 2023-02-24
• IMF member countries crypto assets International Monetary Fund legal tender