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Can BRICS Dethrone World Bank and IMF? Why Cuba Is Betting on Its Growing Dominance
20.10.2024
BRICS is emerging as a potential alternative to the World Bank and International Monetary Fund (IMF), challenging the dominance of Western-led financial institutions, according to Cuba’s Permanent Representative to the United Nations. With major economies like China and Russia among its members...
BRICS Bank Offers Zimbabwe Escape From IMF Debt Traps, Says Professor
17.10.2024
A Zimbabwean professor has highlighted the BRICS New Development Bank (NDB) as a crucial alternative to the International Monetary Fund (IMF), offering better financial terms to developing nations. He emphasized the NDB’s role in helping countries like Zimbabwe escape debt cycles and discussed...
US Share of World Economy Projected to Reach Historic Low
13.10.2024
The U.S. share of the global economy has fallen below 15% during President Joe Biden’s term, according to Sputnik’s analysis of World Bank and International Monetary Fund (IMF) data. Once peaking at over 21% in 1999, the U.S. has seen a steady decline, with China now commanding a larger share...
India's Crypto Discussion Paper on Hold Due to Other Priorities
9.10.2024
India's planned discussion paper outlining its policy stance on cryptocurrencies has been held up due to other priorities, two people familiar with the matter told CoinDesk
IMF Urges El Salvador to Tighten Bitcoin Law and Strengthen Oversight
7.10.2024
The International Monetary Fund (IMF) has advised El Salvador to narrow the scope of its bitcoin law, strengthen regulation and oversight of the cryptocurrency, and limit public sector exposure. The IMF remains engaged with the country to support reforms and ensure bitcoin adoption does...
IMF Calls on El Salvador to Reconsider Bitcoin Regulations
4.10.2024
On October 3, the International Monetary Fund (IMF) once again pressured El Salvador to reconsider its Bitcoin policy…
JPMorgan: Gold and Bitcoin Surge as Debasement Trade Gains Momentum
4.10.2024
Global investment bank JPMorgan’s analysts have highlighted the growing impact of the “debasement trade” in boosting gold and bitcoin prices. Gold’s rise is linked to inflation, geopolitical instability, and waning trust in fiat currencies. Both institutional and retail...
IMF Urges El Salvador Again to Strengthen Regulatory Framework and Oversight of Bitcoin
3.10.2024
The IMF has been asking El Salvador for changes regarding its bitcoin law since its adoption in 2021
IMF pressures El Salvador to overhaul Bitcoin regulations
3.10.2024
According to the International Monetary Fund, El Salvador has a 3% annual GDP growth rate and roughly $144 million in outstanding loans
IMF staff propose REDI framework to catalyze CBDC adoption
22.9.2024
IMF staff members introduced a high-level four stage framework, emphasizing regulation, education, design, and incentives to enhance CBDC adoption
El Salvador President Nayib Bukele to Present Debt-Free Budget for 2025
16.9.2024
Bukele spoke during the commemoration of 203 years of El Salvador independence
Bukele States Bitcoin Was an Effective Rebranding Tool for El Salvador
31.8.2024
President Nayib Bukele pondered how El Salvador adopted the bitcoin banner and evaluated how it has fared for the country so far. In a recent interview given to Time magazine, Bukele admits that while Bitcoin adoption has not grown as he expected, adopting bitcoin as a legal tender worked as...
Climatetech Expert Daniel Batten Calls Out IMF’s Crypto Report
21.8.2024
IMF’s crypto report has come under fire from the crypto industry and climate tech expert Daniel Batten has…
Latam Insights Encore: El Salvador Bitcoin’s Allure Might Help Bukele Reactivate the Country’s Economy
20.8.2024
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the possibilities of making Bitcoin an important part of the proposed economic overhaul plan of El Salvador. Latam Insights Encore:...
IMF Economists Suggest Electricity Tax to Lower Crypto and AI Environmental Impact
17.8.2024
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, leading to higher carbon emissions. Proposing a targeted electricity tax, the authors estimate...
IMF Proposes 85% Tax Hike on Crypto Miners & AI Data Centers
16.8.2024
The International Monetary Fund (IMF) has proposed a tax increase on crypto mining and artificial intelligence (AI) data…
IMF execs float raising crypto mining electricity prices by 85%
16.8.2024
A tax on the energy used by crypto miners could cut emissions by 100 million tons a year, equal to Belgium’s emissions, say two IMF executives
Latam Insights Encore: El Salvador Forges a Path to Overcome IMF’s Bitcoin-Phobia
13.8.2024
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the possibilities that El Salvador is opening for other countries to receive help from international institutions like the IMF even...
Latam Insights: El Salvador Advances Talks With IMF Despite Bitcoin Allegiance; Brazil Passes First Solana Spot ETF
12.8.2024
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 its Bitcoin allegiance; Brazil greenlights the first Solana spot ETF; and Polymarket gets criticized for...
Global Asset Freeze Targets Fugitive ‘Cryptoqueen’ and Onecoin
10.8.2024
A London high court has announced a global asset freeze targeting Onecoin’s co-founder Ruja Ignatova and associates. Over 400 investors sought this legal action after losing millions in the Onecoin cryptocurrency scam. The asset freeze prevents further movement of Ignatova’s wealth, possibly...