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International Monetary Fund: Crypto as a National Currency Is a Step Too Far

The International Monetary Fund issued a warning against El Salvador’s Bitcoin law. The IMF officials warned that adopting Bitcoin as a national currency “could be...
International Monetary Fund: Crypto as a National Currency Is a Step Too Far International Monetary Fund: Crypto as a National Currency Is a Step Too Far

  • The International Monetary Fund issued a warning against El Salvador’s Bitcoin law.
  • The IMF officials warned that adopting Bitcoin as a national currency “could be dire.”

The International Monetary Fund (IMF) issued a warning against El Salvador’s Bitcoin law.

According to IMF officials, making any crypto a legal tender “is an inadvisable shortcut” to more inclusive financial services.

The IMF officials warned that some of the consequences of a country adopting Bitcoin as a national currency “could be dire.”

Yesterday, IMF officials Tobias Adrian and Rhoda Weeks-Brown wrote about making crypto a legal tender. They noted that new digital forms of money have the potential to provide cheaper and faster payments. Also, it has the potential to enhance financial inclusion, resilience, and competition among payment providers. And help cross-border transfers.

However, the 2 officials said,

But doing so is not straightforward. It requires significant investmen...

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28-09-2021 19:36:56 (UTC+7)

EUR/USD

1.1680

-0.0014 (-0.12%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (8)

Sell (1)

EUR/USD

1.1680

-0.0014 (-0.12%)

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↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (8)

Sell (1)

GBP/USD

1.3559

-0.0136 (-0.99%)

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↑ Sell

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Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (10)

USD/JPY

111.54

+0.55 (+0.49%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

AUD/USD

0.7238

-0.0048 (-0.66%)

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↑ Sell

Moving Avg:

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Sell (12)

Indicators:

Buy (1)

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USD/CAD

1.2659

+0.0032 (+0.25%)

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↑ Buy

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Buy (6)

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EUR/JPY

130.28

+0.50 (+0.39%)

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↑ Buy

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Buy (9)

Sell (1)

EUR/CHF

1.0842

+0.0019 (+0.18%)

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Neutral

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Gold Futures

1,731.90

-20.10 (-1.15%)

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Neutral

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Silver Futures

22.185

-0.509 (-2.24%)

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↑ Buy

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Copper Futures

4.2715

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Neutral

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Crude Oil WTI Futures

75.86

+0.41 (+0.54%)

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Brent Oil Futures

79.09

+0.37 (+0.47%)

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Natural Gas Futures

6.054

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US Coffee C Futures

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Euro Stoxx 50

4,101.16

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S&P 500

4,443.11

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DAX

15,401.25

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FTSE 100

7,057.88

-5.52 (-0.08%)

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Neutral

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Hang Seng

24,500.39

+291.61 (+1.20%)

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↑ Buy

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Buy (9)

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US Small Cap 2000

2,281.79

+33.71 (+1.50%)

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↑ Sell

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IBEX 35

8,910.50

-92.40 (-1.03%)

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↑ Sell

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Sell (9)

BASF SE NA O.N.

65.080

+0.340 (+0.53%)

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Sell (7)

Bayer AG NA

47.73

+0.26 (+0.55%)

Summary

Sell

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Buy (6)

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Allianz SE VNA O.N.

196.04

-0.15 (-0.08%)

Summary

Neutral

Moving Avg:

Buy (8)

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Adidas AG

271.27

-7.53 (-2.70%)

Summary

↑ Buy

Moving Avg:

Buy (10)

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Buy (6)

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Deutsche Lufthansa AG

6.470

-0.091 (-1.39%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Siemens AG Class N

144.63

-2.64 (-1.79%)

Summary

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Deutsche Bank AG

11.153

+0.033 (+0.30%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (4)

 EUR/USD1.1680↑ Buy
 GBP/USD1.3559↑ Sell
 USD/JPY111.54↑ Buy
 AUD/USD0.7238↑ Sell
 USD/CAD1.2659↑ Buy
 EUR/JPY130.28↑ Buy
 EUR/CHF1.0842Neutral
 Gold1,731.90Neutral
 Silver22.185↑ Buy
 Copper4.2715Neutral
 Crude Oil WTI75.86↑ Sell
 Brent Oil79.09↑ Sell
 Natural Gas6.054↑ Sell
 US Coffee C194.20↑ Buy
 Euro Stoxx 504,101.16↑ Sell
 S&P 5004,443.11↑ Sell
 DAX15,401.25↑ Sell
 FTSE 1007,057.88Neutral
 Hang Seng24,500.39↑ Buy
 Small Cap 20002,281.79↑ Sell
 IBEX 358,910.50↑ Sell
 BASF65.080↑ Sell
 Bayer47.73Sell
 Allianz196.04Neutral
 Adidas271.27↑ Buy
 Lufthansa6.470↑ Buy
 Siemens AG144.63↑ Buy
 Deutsche Bank AG11.153Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
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SJC Danang5,645/ 5,712
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SJC Nhatrang5,645/ 5,712
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Cập nhật 28-09-2021 19:36:58
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Cập nhật lúc 18:55:03 28/09/2021
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