Christine Lagarde: IMF Boss Calls for Digital Currency Exploration

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The managing director of the International Monetary Fund (IMF), Christine Lagarde, has said that cryptocurrency would give fiat currency a run for its money. Now, the IMF chairwoman is urging governments around the world not to ignore the alternative currency. Lagarde calls for the exploration of Central Bank Digital Currencies (CBDCs). In fact, this call … Continue reading “Christine Lagarde: IMF Boss Calls for Digital Currency Exploration”

IMF Urges Central Banks to Adopt National Cryptocurrencies

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The International Monetary Fund (IMF) has urged governments to adopt national cryptocurrencies considering the increasing adoption trend of financial technology. As technological advancements continue, person to person interactions are becoming easier due to the internet. In this age of smart phones, people want fast and less bureaucratic solutions for cross-border transactions. Therefore, the use of … Continue reading “IMF Urges Central Banks to Adopt National Cryptocurrencies”

IMF Makes its Case for Blockchain Technology

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The International Monetary Fund (IMF) says it is engaging in research and experimentation involving blockchain technology and cryptocurrencies. Therefore, the financial body hopes to anchor its future developments in this technology in a bid to keep up with changing trends. To this end, this body has called for stricter legislation to regulate cryptos. Fintech Caucus on Blockchain … Continue reading “IMF Makes its Case for Blockchain Technology”

New International Monetary Fund (IMF) Report Calls for Crypto Regulation

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In their recent World Economic Outlook, the International Monetary Fund (IMF) warned against some of the dangers of cryptocurrencies. Of the key findings, “Cybersecurity breaches and cyber attacks on critical financial infrastructure represent an additional source of risk because they could undermine cross-border payment systems and disrupt the flow of goods and services. Continued rapid growth … Continue reading “New International Monetary Fund (IMF) Report Calls for Crypto Regulation”

DASH Adoption: Venezuela Inflation at 488,865%

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To say inflation is out of control in Venezuela is an understatement. As of September 2018, consumer prices were up 488,865% in a single year.  All as hyperinflationary issues accelerate amid economic collapse. In an effort to stabilize prices, President Maduro cut five zeros off the bolivar currency and boosted minimum wage by 3,000%. It’s … Continue reading “DASH Adoption: Venezuela Inflation at 488,865%”