The Executive Board of the International Monetary Fund (IMF) assessed a current policy paper issued by the equity fund on encrypted assets and fully agreed with its proposed policy framework. The document entitled "factors in current policies for the reasonableness of encrypted assets" establishes a framework of nine existing policy principles that overcome macro-finance, legal and regulatory regulation, and international coordination.
The proposed principles are usually very broad, focusing on analysis, monitoring and prevention. The document has determined that such a proposal should be adopted by the "executive director". The first principle does include a specific restriction, which reads as follows:
"maintain the long-term stability of monetary sovereignty by strengthening the fiscal policy framework, without the influence of encrypted assets, official online currency or legal tender."
The Executive Board fully agreed with the proposal in the document and further explicitly supported its position on the use of login passwords as legal tender, saying that all members were "widely allowed". The Board also issued the principle of "same thematic activities, same risk, equally stringent supervision" and "focus on stock funds as conceptual leaders in further analysis of login password assets".
The information of this document is dated January 2023, and the Executive Board met on February 8 to study this, but this document or meeting was released to the public on February 23.
The IMF's resistance to the use of encryption as legal tender is well known, especially since El Salvador chose BTC (BTC) as its official online loan currency in September 2021. Its latest statement on El Salvador was released on February 10 and was publicly criticized by the cryptographic community. The International Monetary Fund also urged the adoption of stricter login password controls.
IMF's view of the central bank's digital currency is more advantageous than encrypted money. The company announced in September that it was developing an interoperable CBDC services platform.
Polkadot was launched in May 2020. In a market dominated by Bitcoin and Ethereum, it quickly established itself as the next generation blockchain. The scale and interoperability problems limit Bitcoin's ability to transfer value without the assistance of
For some newcomers to the currency circle, they are not familiar with the investment in the currency circle, and their understanding of the special currency is not very deep. Therefore, they may be at a loss in the choice of investment methods. Many inves
Lummis is a well-known crypto advocate on Capitol Hill with over $100,000 in crypto.
Several analysts argue that shrimp accumulation is good for the Bitcoin network because it makes the asset more decentralized over time.
ARK Invest filed for a spot Bitcoin ETF in collaboration with 21Shares long before BlackRock did, and its application is reportedly first in line for the SEC’s approval.
Interestingly, the price surge was on the back of increased activity from whales, as indicated by on-chain data. The increased activity led to an increased"/>
Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent"/>
DOGE, the internet's favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical"/>
TTy1G5cgA1pk67XLFpFbB81jSfo8G3pgxw
Co-founder of Tornado Cash Roman Storm has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ)."/>
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7"/>
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
Tue, 18 Apr 2023