IMF against making crypto legal tender, issues action plan

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

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

Primetime Partners co-founder and chairperson Alan Patricof provides insight on investing and cryptocurrency and the push for electric vehicles on 'The Claman Countdown.'

The financial agency's Executive Board provided guidance to IMF member countries in the discussion of a paper, "Elements of Effective Policies for Crypto Assets." The top recommendation was to "safeguard monetary sovereignty and stability by strengthening monetary policy frameworks and do not grant crypto assets official currency or legal tender status."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

IMF is against crypto because it actually makes the general public learn about the current decrepit financial system we’re in. Watch this video from Coin Bureau if you don’t believe it: banks are legally allowed to steal your money when they mess up again,

ANYBODY WHO GETS INVVOLVED IN CRYPTO IS NOT VERY SMARE BIT COIN WAS 65 THOUSAND DOLLARS,,,,,,WHAT IS IT NOW

thebearablebull Then you can’t tax it as income either. Works for me.

thebearablebull

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IMF calls for coordinated action over fears crypto could undermine global monetary systemThe IMF said that crypto should not be granted official currency or legal tender status. Welp that’s what happens when governments impose hyper-regulated CBDCs.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Lawmakers revive legislation in uphill battle to shed light on Federal Reserve’s monetary policyNearly 60 Republican lawmakers are renewing a 40-year push to bring the Federal Reserve System under the heel of Congress now that the GOP is in control of the House of Representatives. YES!!!
Source: WashTimes - 🏆 235. / 63 Read more »

IMF Board 'Generally Agreed' Crypto Shouldn't Be Legal TenderOutright crypto bans aren’t ideal but shouldn’t be ruled out, the International Monetary Fund leadership said IMFNews jackschickler Come and take it. IMFNews jackschickler in other words 'we dont want poor people having control of their money, only us elites get to do that' IMFNews jackschickler Good news
Source: CoinDesk - 🏆 291. / 63 Read more »

IMF exec board endorses crypto policy framework, including no crypto as legal tenderThe executive board of the International Monetary Fund has given its support to principles of cryptocurrency regulation proposed in a paper released earlier this year. Oh, so the IMF is all for regulation as long as it doesn't involve actually using Bitcoin. Got it. Looks like the IMF is angry that ElSalvador is a Bitcoin BTC success story, the IMF is losing power...Long Live Bitcoin 🤣 We need no regulation. We need no rulers. We need no “institutional adoption”. Peer-to-peer transactions, self-custody, freedom and sovereignty. That’s what we need. 🏴‍☠️
Source: Cointelegraph - 🏆 562. / 51 Read more »