IMF Chief: Banks Shouldn’t Fear Bitcoin or the Blockchain
The chief of the International Monetary Fund told a group of bankers this week that they don't have much to fear from bitcoin.
The International Monetary Fund and Dubai’s Ministry of Finance will co-host a FinTech seminar focusing on blockchain and cryptocurrencies next month.
The IMF has published an article that looks at the pros and cons of bitcoin's blockchain technology in the banking and trading sectors.
The IMF just held a meeting of an advisory group on fintech – one that featured heavy representation from blockchain industry execs.
A number of major central banks worldwide have organized working groups dedicated to exploring blockchain technology and digital currencies.
The IMF has released a paper looking at the benefits of virtual currencies and recommending balanced regulation that would not stifle innovation.