The IMF Just Improved El Salvador’s Bitcoin Law
Follow Aaron on Nostr or X. The IMF yesterday announced they have reached a $1.4 billion loan deal with El Salvador. In return, the Central American country that in 2021…
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IMF Economists Suggest Electricity Tax to Lower Crypto and AI Environmental Impact
International Monetary Fund (IMF) economists have warned of the environmental impact of crypto mining and AI data centers, which are projected to increase global electricity consumption to 3.5% by 2027,…
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Latam Insights: El Salvador Advances Talks With IMF Despite Bitcoin Allegiance; Brazil Passes First Solana Spot ETF
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the last week. In this issue: El Salvador holds talks with the IMF despite…
Group Urges Nigeria to End Naira Float, Reinstate Subsidies
The Nigerian government has been urged to abandon a floating foreign exchange system and reintroduce subsidies in the power and energy, agriculture, and transportation sectors. In a communique, the Multidisciplinary…
IMF Warns Zambia Against Dedollarization, Calls Plan Counterproductive
An International Monetary Fund representative has cautioned that Zambia’s proposed dedollarization initiative may inadvertently undermine efforts to contain inflation. The representative expressed concern that the prevailing economic conditions in Zambia…
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IMF Chief Warns of More Weaknesses in US Banking Sector — Sees ‘Gradual’ Shift Away From US Dollar
International Monetary Fund (IMF) Managing Director Kristalina Georgieva expects “more vulnerabilities” in the U.S. banking sector amid a growing de-dollarization trend worldwide. “There has been a gradual shift away from…
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China Warns of Global Financial Instability From US Economic Policies
China has urged the U.S. and other developed nations to assess the spillover effects of their economic and financial policies. “The economic and financial policies of the U.S. pose the…
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China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says
An idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The prime minister believes there is no…
IMF Board Offers Guidance for Developing Effective Crypto Policies
The executive board of the International Monetary Fund (IMF) has provided guidance for member countries to develop effective crypto policies. The board stressed the need to develop comprehensive crypto regulations…
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IMF Report on El Salvador’s Bitcoin Adoption: Risks Averted, but Transparency Needed
According to a recent mission statement published by the International Monetary Fund (IMF), El Salvador has adopted bitcoin as legal tender and has avoided risks so far. The IMF states…