News with the tag "International Monetary Fund (IMF)"

A newly disclosed document reveals that Ripple was selected to work with the IMF's High-Level Advisory Group on Fintech, highlighting its role in the financial technology sector.

El Salvador has halted Bitcoin purchases since December 2024 and is scaling back its Bitcoin adoption initiatives due to fiscal pressures and IMF bailout terms, including the privatization of Chivo Wallet and potential dissolution of Fidebitcoin.

Pakistan and El Salvador have formed a partnership focused on Bitcoin and blockchain knowledge-sharing, while the IMF opposes Pakistan's plans to subsidize Bitcoin mining energy.

The IMF has blocked Pakistan's plans to subsidize electricity for Bitcoin mining, citing concerns over energy pricing discipline and potential economic risks, while Pakistan continues to pursue its ambitions to become a crypto hub.