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Why the Marshall Islands Is Doing a Pre-Sale for Its National Cryptocurrency

Why the Marshall Islands Is Doing a Pre-Sale for Its National Cryptocurrency

A small island country in the Pacific has plans to launch its own government-issued cryptocurrency called the Marshallese sovereign (SOV). It was revealed Wednesday at CoinDesk’s Invest: Asia event that the Republic of the Marshall Islands (RMI) would be introducing the SOV through a forthcoming token pre-sale.

13 SEPTEMBER 2019

Brazil Central Bank Adopts IMF Guidelines for Crypto Classification

Brazil Central Bank Adopts IMF Guidelines for Crypto Classification

The Central Bank of Brazil has moved to classify bought or sold cryptocurrency assets per International Monetary Fund (IMF) guidelines.

27 AUGUST 2019

24 Countries and IMF Discuss Global Standards of Crypto Regulation

24 Countries and IMF Discuss Global Standards of Crypto Regulation

Twenty-four financial authorities and 11 international organizations, including the International Monetary Fund and the World Bank, recently gathered in New York and discussed global standards of crypto regulation. “It is important to consistently implement international standards,” said the chairman of South Korea’s top financial regulator who attended the meeting.

30 APRIL 2019

IMF and World Bank Launch Quasi-Cryptocurrency in Exploration of Blockchain Tech

IMF and World Bank Launch Quasi-Cryptocurrency in Exploration of Blockchain Tech

The International Monetary Fund (IMF) and the World Bank have jointly launched a private blockchain and a so-dubbed quasi-cryptocurrency, the Financial Times (FT) reports on April 12.

15 APRIL 2019

Cryptocurrencies are ‘clearly shaking the system,’ IMF’s Lagarde says

Cryptocurrencies are ‘clearly shaking the system,’ IMF’s Lagarde says

Financial technologies such as digital currencies are “shaking” the banking system and must be monitored to maintain stability, according to the head of the International Monetary Fund.

12 APRIL 2019

Marshall Islands President Faces No Confidence Vote Due to National Crypto Plans

The President of the Republic of the Marshall Islands Hilda Heine faces a vote of no confidence due to her administration’s plans to introduce a national digital currency, Radio New Zealand News (RDZ) reported Nov. 5.

6 NOVEMBER 2018

IMF Advises Against Crypto as Legal Tender in Marshall Islands Report

The International Monetary Fund (IMF) has advised against the Republic of the Marshall Islands' plan to introduce a digital currency as a second legal tender alongside the U.S. dollar.

11 SEPTEMBER 2018

IMF Official: Central Banks Need to Compete With Crypto

A deputy director for the International Monetary Fund's Monetary and Capital Markets Department believes that central banks need to offer "better" fiat currencies in order to fend off any potential competition from cryptocurrencies.

1 JUNE 2018

IMF's Lagarde: Track Cryptos with Blockchain to 'Fight Fire with Fire'

The head of the International Monetary Fund (IMF), Christine Lagarde, has said regulators should use blockchain technology to curb the "peril that comes along with the promise" of cryptocurrencies.

13 MARCH 2018

IMF Chief Lagarde: Global Cryptocurrency Regulation Is 'Inevitable'

Christine Lagarde, head of the International Monetary Fund, has stated that international regulatory action on cryptocurrencies is "inevitable."

12 FEBRUARY 2018

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