By Emir Abyazov Key highlights: IMF warns stablecoins may shift entire nations away from local currencies. New data shows stablecoin growth outpacing global financial safeguards. Dollar-backed stablecoins could reshape fragile economies. The International Monetary Fund (IMF) has raised fresh concerns that stablecoins could accelerate currency substitution in countries with weak monetary systems, potentially undermining central […]
Tag: IMF
By Emir Abyazov Blockchain initiatives in El Salvador and Pakistan attracted the attention of the IMF. In China, the first battle among robots was held, among other events from the past week. Bitcoin remained in a consolidation zone. After reaching a high of $112,000 last week, the first cryptocurrency attempted another breakout. However, after testing […]
By Emir Abyazov The International Monetary Fund (IMF) has approved a $120 million payment to El Salvador as part of a $1.4 billion loan agreement. However, there is one interesting detail: the country is required to stop buying Bitcoin. What happened immediately after the IMF’s announcement? El Salvador responded by purchasing more Bitcoins. President Nayib […]