Secretary of Power Dr. Fakhray Alam Irfan said that the IMF was concerned about market distortions
Secretary of Power Dr. Fakhray Alam Irfan said that the IMF was concerned about market distortions
According to a recent analytics, stablecoins handled 35 trillion in on-chain transaction volume over the past year, with their average supply hovering around 195 billion. Related Reading: TRUMP Token In Trouble? Over $4 Million Liquidity Exit Sparks Crash Fears Those numbers show how much these tokens fuel trades, loans and cross-border transfers. Yet questions about whether they really count as “money” are now front and center. Stablecoin On-Chain Traffic Based on reports, stablecoins have become the workhorses of crypto trading. Volume hit 35 trillion in the last 12 months. At the same time, their circulating supply stayed at 194.6 billion. That steady supply suggests tokens like USDC and USDT are parked, ready for the next move. Traders shift them in and out of Bitcoin and altcoins. Payment platforms weave them into digital rails. The scale is hard to ignore. IMF Deputy MD Raises Money Question According to IMF Deputy Managing Director Bo Li, the big challenge is classification. Are stablecoins part of M0, M1 or a new category altogether? He posed those questions at the 2025 World Economic Forum in Davos. Getting that wrong could reshape how banks set reserves and how regulators cut red tape. Li also pointed out that policy experiments are popping up all over. Some of them may not survive a real stress test. Key Takeaways: IMF’s Bo Li said regulatory uncertainty around stablecoins persists, especially regarding classification and enforcement. Global financial bodies are working to align frameworks but… https://t.co/V75hFYV5pX #Stablecoin #Cryptocurrency #IMF #Regulation #Finance — Entrepreneur_cm (@entrepreneur_cm) June 25, 2025 National Rules Diverge Based on policy outlines, the US is moving ahead with the GENIUS Act. Europe has drafted its own rulebook. Over in Asia, Hong Kong plans to roll out its Stablecoin Ordinance in August 2025. Those efforts show a strong push to make rules more clear. But they also underscore a lack of global unity. Businesses could face one set of rules in New York, another in Brussels and a third in Hong Kong. That patchwork approach risks adding costs for firms and confusion for users. Global Bodies Seek Cooperation According to Bo Li’s remarks, fragmented rules carry real risks. He warned that gaps in enforcement might let bad actors slip through. To avoid that, the IMF is teaming up with the Financial Stability Board and the Basel Committee. Their goal is to craft more consistent guidance. If they pull it off, regulators in different countries might follow a shared playbook rather than compete by cutting corners. Related Reading: Bitcoin Braces For Fed Shake-Up As Trump Eyes Powell Exit Market Keeps Growing Based on market data, stablecoin supply has now topped 250 billion. A large share of that capital is parked in Bitcoin, waiting for the next rally. Some analysts spot chart patterns that echo early altcoin breakouts. That could signal a fresh surge of trading across tokens once confidence builds. For now, stablecoins sit at the center of crypto plumbing. Featured image from Unsplash, chart from TradingView
President Bukele has yet to address the IMF's bitcoin purchase restrictions, clouding El Salvador's future bitcoin strategy.
El Salvador has kept purchasing bitcoin, but the IMF seems unfazed.
El Salvador has reinforced its commitment to Bitcoin despite repeated cautions from the International Monetary Fund (IMF). On March 9, El Salvador’s Bitcoin Office confirmed that the country acquired six BTC for around $500,000. According to the statement, the Nayib Bukele-led country added five BTC to its reserves while purchasing one BTC daily. Following this […]
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El Salvador will continue acquiring Bitcoin despite its agreement with the International Monetary Fund (IMF), according to President Nayib Bukele. On March 5, Bukele dismissed conjecture that the country would halt Bitcoin purchases and reaffirmed that El Salvador would continue acquiring BTC, regardless of external pressures. He stated: “[Our Bitcoin purchases] is not stopping. If […]
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A clause in the country's recently-completed IMF financing deal suggested a prohibition against El Salvador accumulating any additional bitcoin.
The IMF said bitcoin usage remains marginal in El Salvador, with minimal circulation as a payment method due to its high price volatility and low public trust.
The Republic of Kenya is currently making moves to create a legal framework for crypto operations. Interestingly, this rather exciting development comes shortly after the International Monetary Fund (IMF) recommended the East African nation overhaul its current crypto policy and align with global standards. Related Reading: Lummis to Lead SBC’s Crypto Subcommittee Under Trump Kenya […]
IMF recommended that Kenya overhaul outdated regulations, address scams and align its crypto framework with global standards for financial stability.
El Salvador purchased 11 Bitcoin only a day after reaching a $1.4 million IMF loan deal that called to reduce public sector engagement in “Bitcoin-related economic activities.”
The country's concessions include that taxes must be paid in U.S. dollars, not bitcoin, and bitcoin acceptance will be made voluntary in the private sector.
El Salvador’s struck a loan deal with the IMF and will make Bitcoin acceptance voluntary and roll back government involvement in Bitcoin-related projects.
El Salvador has authorized Bitget to provide Bitcoin services in the country. The exchange is now seeking further approval to support more tokens.
As the market continues its massive rally, Ukrainian lawmakers are preparing to legalize crypto soon officially. Local reports revealed that the parliament is working on a draft law but is not considering tax exemptions for digital assets. Related Reading: Coinbase CEO Slams Anti-Crypto SEC Commissioner, Urges Senate To Vote Her Out Ukraine Prepares To Legalize […]
Ukraine plans to legalize cryptocurrencies by early 2025, applying standard taxation rules without offering tax incentives.
Salvadoran merchants reportedly will no longer be compelled to accept bitcoin as a means of payment anymore.
El Salvador reportedly expects to reach an agreement with the IMF on a $1.3 billion loan deal in return for changes in its Bitcoin Law.
The IMF has been asking El Salvador for changes regarding its bitcoin law since its adoption in 2021.
According to the International Monetary Fund, El Salvador has a 3% annual GDP growth rate and roughly $144 million in outstanding loans.
Bitcoin's has been transforming traditional economic paradigms, and this transformation has opened it to both interest and scrutiny.
The post Bitcoin has transformed cross-border transactions, IMF study notes appeared first on Crypto Briefing.
The U.S. Securities and Exchange Commission wants an extra $158 million to address the “Wild West of the crypto markets.”
The International Monetary Fund (IMF) also recommended Pakistan introduce stricter laws on collecting capital gains from real estate title transfers.
A quarter of CEOs in a PwC survey said they anticipate laying off staff this year due to AI, though firms may also be offsetting the cuts with hiring in other areas.