IMF Publishes Global Financial Stability Report Discussing Bitcoin
The International Monetary Fund published a report detailing how Bitcoin disrupts the world order, enables sovereignty amid sanctions, and demands regulatory action.The IMF recently published the Global Financial Stability Report that details a great deal involving the state of the global economy. Subjects discussed in the report include: bitcoin as a means to avoid sanctions, the fragmentation of the old payments and banking infrastructure, and a global call to action for the regulation and control of assets like bitcoin to prevent further systemic degradation. “The IMF says that....
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Earlier last week, the European Central Bank published a new report on the financial stability of the European Union. The report, titled the Financial Stability Review (FSR), detailed potential risks of Bitcoin and other crypto-related assets. In the context of the broader economy, the ECB stated that “signs of exuberance” in crypto assets were potentially […]
The Bitcoin price has made an easy turn off the bottom of the advancing wave and is proceeding higher amidst optimistic trade today. An IMF special report, entitled the "Global Financial Stability Report", was published today and warns of potential shocks and increased volatility in global markets. Links to Sections: IMF Warning: Low Liquidity and Volatility. Global Economy. Bitcoin Price Analysis. Comments. IMF Warning: Low Liquidity and Volatility. The extended period of monetary accommodation and the accompanying search for yield are leading to credit mispricing and asset price....
The Financial Stability Oversight Council (FSOC), a group of U.S. regulators, warned that bitcoin and blockchain are threats to financial stability and noted they need to adapt to the changing market structure if cryptocurrency reduces the importance of traditional centralized intermediaries. The FSOC includes the Federal Reserve, the Securities and Exchange Commission and the Treasury Department. The Council is charged with identifying risks to the financial stability of the United States, promoting market discipline, and responding to emerging risks to the stability of the financial....
The Financial Stability Board (FSB), an international body composed of central bank officials and finance regulators, said in its latest annual report that it continues to assess opportunities and risks related to digital currencies. The report, published earlier this week, indicated that the FSB’s work is largely in line with previous statements from the organization. In March, the group said that it was actively discussing the technology and its impact on the financial system. The report states: "The FSB's continued work in this area will consider both the risks and opportunities....
In Monday's Global Financial Stability Report, the IMF warned of a coming liquidity crisis and ramp-up in market volatility. Digging deeper into the report, CCN uncovers IMF admissions of the banking sector's failure to manage risk, as well as, advice to banks to prepare for a public backlash due to perceived excesses. Part three of the IMF's Global Financial Stability Report entitled Risk Taking By Banks: The Role of Governance and Executive Pay has been an insightful read. In a nutshell, the report has the IMF rapping the global banking industry over the knuckles for excesses and a lack....