Tag Archives: IMF
- Bitcoin exchange temporarily shuts down amid Venezuela crackdown
February 7, 2017
Venezuela-based bitcoin exchange SurBitcoin has been forced to shutter its operations—albeit temporarily—as the government continues its crackdown on bitcoin mining businesses. Last week, the bitcoin exchange told its clients to withdraw their cash and cryptocurrency balances after the company’s bank account at Banesco, Venezuela’s largest financial institution, was suddenly shut...
- IMF backs Macau’s diversification push
November 17, 2016
Multilateral lender International Monetary Fund (IMF) has backed the move of Macau government to diversify its local economy. Geoff Gottlieb, head of the IMF team that visited the former Portuguese colony last week, agrees with the government’s decision to prioritize more mass-market gaming and to focus more on non-gaming tourism...
- Turning point for bitcoin: IMF forecasts 1,640% inflation for Venezuela
July 21, 2016
It’s a fact that many economies—even the most advanced ones—struggle to lift inflation, but that’s nothing compared to what Venezuela is going through. The country is in the middle of the worst inflation period in history, with consumer price inflation hitting 480 percent this year. But that’s nothing, according to...
New Japan law recognizes bitcoin as method of payment
March 31, 2017