What is the International Monetary Fund (IMF)? Why does the IMF like bitcoin and blockchain technology? How does Bitcoin help the IMF meet their mission and goals?
The IMF creates the policy and provides short terms loans to promote stability of world financials systems and global currency. Therefore, the IMF has a vested interest in guiding the adoptions of Bitcoin, and other new unstoppable blockchain technologies, such as Ethereum.
According to recent articles, “In order for Bitcoin to achieve wide mainstream adoption as the digital currency, governments must approve it as legal tender and enforce practical regulations for the industry to develop.” But we are not sure this is true. While the IMF will guide the world policy, you can adopt blockchain tokens and Bitcoin now, without needing any approval or permissions. Your blockchain tokens and cryptocurrencies do not need to be connected to any traditional banking system. Startups, exchanges, and trading platforms are mostly self-regulating themselves or are decentralized completely, and varying degrees of Anti-Money Laundering (AML) and Know Your Customer (KYC) policies, due to decentralized technology and different levels of regulation across different states and countries.
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