• Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
28 July Monday, 2025
  • tr Türkçe
  • en English
TurkishNY Radio
No Result
View All Result
  • Home
  • Cryptocurrency
  • Business
  • Economy
  • Home
  • Cryptocurrency
  • Business
  • Economy
No Result
View All Result
  • tr Türkçe
  • en English
TurkishNY Radio
No Result
View All Result
Bitcoin Bitcoin (BTC) $118,294.73 ↓ -0.12%
Ethereum Ethereum (ETH) $3,811.33 ↓ -0.08%
XRP XRP (XRP) $3.17 ↓ -0.30%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.01%
BNB BNB (BNB) $837.08 ↑ 5.08%
Solana Solana (SOL) $187.99 ↑ 1.23%
USDC USDC (USDC) $1.00 ↑ 0.02%
Dogecoin Dogecoin (DOGE) $0.23 ↓ -0.98%
TRON TRON (TRX) $0.32 ↑ 0.94%
Cardano Cardano (ADA) $0.81 ↓ -1.21%
Hyperliquid Hyperliquid (HYPE) $44.99 ↑ 5.07%
Sui Sui (SUI) $4.10 ↓ -3.41%
Stellar Stellar (XLM) $0.43 ↓ -2.64%
Chainlink Chainlink (LINK) $18.41 ↓ -1.89%
Bitcoin Cash Bitcoin Cash (BCH) $583.17 ↓ -2.12%
Hedera Hedera (HBAR) $0.27 ↓ -4.34%
Avalanche Avalanche (AVAX) $26.19 ↑ 4.98%
Litecoin Litecoin (LTC) $110.71 ↓ -2.12%
UNUS SED LEO UNUS SED LEO (LEO) $8.97 ↓ -0.10%
Toncoin Toncoin (TON) $3.31 ↓ -1.40%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -1.85%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.02%
Uniswap Uniswap (UNI) $10.61 ↓ -0.69%
Polkadot Polkadot (DOT) $4.09 ↓ -1.27%
Monero Monero (XMR) $323.48 ↑ 0.51%
Dai Dai (DAI) $1.00 ↓ -0.02%
Bitget Token Bitget Token (BGB) $4.62 ↑ 0.57%
Pepe Pepe (PEPE) $0.00 ↓ -1.59%
Cronos Cronos (CRO) $0.14 ↓ -0.01%
Aave Aave (AAVE) $293.42 ↓ -0.97%
Ethena Ethena (ENA) $0.66 ↑ 4.12%
Bittensor Bittensor (TAO) $408.78 ↓ -3.84%
NEAR Protocol NEAR Protocol (NEAR) $2.84 ↓ -1.54%
Pi Pi (PI) $0.45 ↑ 0.83%
Ethereum Classic Ethereum Classic (ETC) $22.20 ↓ -2.72%
Ondo Ondo (ONDO) $1.01 ↓ -2.44%
Internet Computer Internet Computer (ICP) $5.69 ↑ 0.28%
Aptos Aptos (APT) $4.75 ↓ -1.01%
OKB OKB (OKB) $48.81 ↑ 1.33%
Bonk Bonk (BONK) $0.00 ↑ 3.37%
Mantle Mantle (MNT) $0.80 ↓ -2.80%
Kaspa Kaspa (KAS) $0.10 ↓ -4.70%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -3.56%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↓ -2.30%
Algorand Algorand (ALGO) $0.27 ↓ -2.81%
Arbitrum Arbitrum (ARB) $0.45 ↓ -0.11%
GateToken GateToken (GT) $18.09 ↑ 1.97%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.01%
VeChain VeChain (VET) $0.03 ↓ -1.32%
Render Render (RENDER) $4.19 ↓ -1.23%
Worldcoin Worldcoin (WLD) $1.16 ↓ -1.51%
SPX6900 SPX6900 (SPX) $2.19 ↑ 5.46%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $9.96 ↓ -2.26%
Sky Sky (SKY) $0.09 ↓ -4.28%
Sei Sei (SEI) $0.33 ↓ -2.87%
Cosmos Cosmos (ATOM) $4.79 ↑ 0.36%
Filecoin Filecoin (FIL) $2.68 ↓ -0.09%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.73 ↓ -0.12%
Jupiter Jupiter (JUP) $0.58 ↑ 1.37%
Story Story (IP) $5.74 ↑ 6.45%
Flare Flare (FLR) $0.02 ↓ -1.86%
Injective Injective (INJ) $15.15 ↑ 0.39%
Quant Quant (QNT) $124.40 ↓ -1.69%
XDC Network XDC Network (XDC) $0.09 ↑ 2.87%
KuCoin Token KuCoin Token (KCS) $11.46 ↓ -0.24%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.04%
Celestia Celestia (TIA) $1.97 ↓ -0.92%
Optimism Optimism (OP) $0.79 ↑ 9.65%
Curve DAO Token Curve DAO Token (CRV) $0.99 ↓ -5.21%
Fartcoin Fartcoin (FARTCOIN) $1.33 ↑ 0.09%
Stacks Stacks (STX) $0.82 ↓ -2.39%
Four Four (FORM) $3.39 ↓ -2.26%
FLOKI FLOKI (FLOKI) $0.00 ↓ -3.68%
Immutable Immutable (IMX) $0.58 ↓ -1.32%
dogwifhat dogwifhat (WIF) $1.09 ↑ 0.31%
Ethereum Name Service Ethereum Name Service (ENS) $29.20 ↓ -5.41%
The Graph The Graph (GRT) $0.11 ↓ -0.78%
PancakeSwap PancakeSwap (CAKE) $3.01 ↑ 6.73%
Kaia Kaia (KAIA) $0.16 ↓ -1.06%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.50 ↓ -4.91%
Lido DAO Lido DAO (LDO) $1.10 ↓ -1.67%
Conflux Conflux (CFX) $0.19 ↑ 3.04%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -1.67%
PAX Gold PAX Gold (PAXG) $3,326.79 ↓ -0.77%
Sonic Sonic (S) $0.32 ↓ -2.16%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.04%
Tezos Tezos (XTZ) $0.87 ↓ -0.97%
Theta Network Theta Network (THETA) $0.90 ↑ 0.03%
Vaulta Vaulta (A) $0.56 ↓ -2.20%
Raydium Raydium (RAY) $3.25 ↑ 6.63%
Nexo Nexo (NEXO) $1.31 ↑ 0.39%
JasmyCoin JasmyCoin (JASMY) $0.02 ↓ -2.21%
IOTA IOTA (IOTA) $0.21 ↓ -2.89%
Tether Gold Tether Gold (XAUt) $3,320.30 ↓ -0.77%
Gala Gala (GALA) $0.02 ↓ -0.33%
The Sandbox The Sandbox (SAND) $0.31 ↓ -2.47%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 0.94%
Aerodrome Finance Aerodrome Finance (AERO) $0.88 ↓ -2.09%
Pendle Pendle (PENDLE) $4.38 ↓ -0.29%
Jito Jito (JTO) $1.97 ↓ -1.18%
Bitcoin Bitcoin (BTC) $118,294.73 ↓ -0.12%
Ethereum Ethereum (ETH) $3,811.33 ↓ -0.08%
XRP XRP (XRP) $3.17 ↓ -0.30%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.01%
BNB BNB (BNB) $837.08 ↑ 5.08%
Solana Solana (SOL) $187.99 ↑ 1.23%
USDC USDC (USDC) $1.00 ↑ 0.02%
Dogecoin Dogecoin (DOGE) $0.23 ↓ -0.98%
TRON TRON (TRX) $0.32 ↑ 0.94%
Cardano Cardano (ADA) $0.81 ↓ -1.21%
Hyperliquid Hyperliquid (HYPE) $44.99 ↑ 5.07%
Sui Sui (SUI) $4.10 ↓ -3.41%
Stellar Stellar (XLM) $0.43 ↓ -2.64%
Chainlink Chainlink (LINK) $18.41 ↓ -1.89%
Bitcoin Cash Bitcoin Cash (BCH) $583.17 ↓ -2.12%
Hedera Hedera (HBAR) $0.27 ↓ -4.34%
Avalanche Avalanche (AVAX) $26.19 ↑ 4.98%
Litecoin Litecoin (LTC) $110.71 ↓ -2.12%
UNUS SED LEO UNUS SED LEO (LEO) $8.97 ↓ -0.10%
Toncoin Toncoin (TON) $3.31 ↓ -1.40%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -1.85%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.02%
Uniswap Uniswap (UNI) $10.61 ↓ -0.69%
Polkadot Polkadot (DOT) $4.09 ↓ -1.27%
Monero Monero (XMR) $323.48 ↑ 0.51%
Dai Dai (DAI) $1.00 ↓ -0.02%
Bitget Token Bitget Token (BGB) $4.62 ↑ 0.57%
Pepe Pepe (PEPE) $0.00 ↓ -1.59%
Cronos Cronos (CRO) $0.14 ↓ -0.01%
Aave Aave (AAVE) $293.42 ↓ -0.97%
Ethena Ethena (ENA) $0.66 ↑ 4.12%
Bittensor Bittensor (TAO) $408.78 ↓ -3.84%
NEAR Protocol NEAR Protocol (NEAR) $2.84 ↓ -1.54%
Pi Pi (PI) $0.45 ↑ 0.83%
Ethereum Classic Ethereum Classic (ETC) $22.20 ↓ -2.72%
Ondo Ondo (ONDO) $1.01 ↓ -2.44%
Internet Computer Internet Computer (ICP) $5.69 ↑ 0.28%
Aptos Aptos (APT) $4.75 ↓ -1.01%
OKB OKB (OKB) $48.81 ↑ 1.33%
Bonk Bonk (BONK) $0.00 ↑ 3.37%
Mantle Mantle (MNT) $0.80 ↓ -2.80%
Kaspa Kaspa (KAS) $0.10 ↓ -4.70%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -3.56%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↓ -2.30%
Algorand Algorand (ALGO) $0.27 ↓ -2.81%
Arbitrum Arbitrum (ARB) $0.45 ↓ -0.11%
GateToken GateToken (GT) $18.09 ↑ 1.97%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.01%
VeChain VeChain (VET) $0.03 ↓ -1.32%
Render Render (RENDER) $4.19 ↓ -1.23%
Worldcoin Worldcoin (WLD) $1.16 ↓ -1.51%
SPX6900 SPX6900 (SPX) $2.19 ↑ 5.46%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $9.96 ↓ -2.26%
Sky Sky (SKY) $0.09 ↓ -4.28%
Sei Sei (SEI) $0.33 ↓ -2.87%
Cosmos Cosmos (ATOM) $4.79 ↑ 0.36%
Filecoin Filecoin (FIL) $2.68 ↓ -0.09%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.73 ↓ -0.12%
Jupiter Jupiter (JUP) $0.58 ↑ 1.37%
Story Story (IP) $5.74 ↑ 6.45%
Flare Flare (FLR) $0.02 ↓ -1.86%
Injective Injective (INJ) $15.15 ↑ 0.39%
Quant Quant (QNT) $124.40 ↓ -1.69%
XDC Network XDC Network (XDC) $0.09 ↑ 2.87%
KuCoin Token KuCoin Token (KCS) $11.46 ↓ -0.24%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.04%
Celestia Celestia (TIA) $1.97 ↓ -0.92%
Optimism Optimism (OP) $0.79 ↑ 9.65%
Curve DAO Token Curve DAO Token (CRV) $0.99 ↓ -5.21%
Fartcoin Fartcoin (FARTCOIN) $1.33 ↑ 0.09%
Stacks Stacks (STX) $0.82 ↓ -2.39%
Four Four (FORM) $3.39 ↓ -2.26%
FLOKI FLOKI (FLOKI) $0.00 ↓ -3.68%
Immutable Immutable (IMX) $0.58 ↓ -1.32%
dogwifhat dogwifhat (WIF) $1.09 ↑ 0.31%
Ethereum Name Service Ethereum Name Service (ENS) $29.20 ↓ -5.41%
The Graph The Graph (GRT) $0.11 ↓ -0.78%
PancakeSwap PancakeSwap (CAKE) $3.01 ↑ 6.73%
Kaia Kaia (KAIA) $0.16 ↓ -1.06%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.50 ↓ -4.91%
Lido DAO Lido DAO (LDO) $1.10 ↓ -1.67%
Conflux Conflux (CFX) $0.19 ↑ 3.04%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -1.67%
PAX Gold PAX Gold (PAXG) $3,326.79 ↓ -0.77%
Sonic Sonic (S) $0.32 ↓ -2.16%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.04%
Tezos Tezos (XTZ) $0.87 ↓ -0.97%
Theta Network Theta Network (THETA) $0.90 ↑ 0.03%
Vaulta Vaulta (A) $0.56 ↓ -2.20%
Raydium Raydium (RAY) $3.25 ↑ 6.63%
Nexo Nexo (NEXO) $1.31 ↑ 0.39%
JasmyCoin JasmyCoin (JASMY) $0.02 ↓ -2.21%
IOTA IOTA (IOTA) $0.21 ↓ -2.89%
Tether Gold Tether Gold (XAUt) $3,320.30 ↓ -0.77%
Gala Gala (GALA) $0.02 ↓ -0.33%
The Sandbox The Sandbox (SAND) $0.31 ↓ -2.47%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 0.94%
Aerodrome Finance Aerodrome Finance (AERO) $0.88 ↓ -2.09%
Pendle Pendle (PENDLE) $4.38 ↓ -0.29%
Jito Jito (JTO) $1.97 ↓ -1.18%
Home Cryptocurrency

IMF is Comprehensive Crypto Action Plan Unveiled: Legal Tender Status Not Recommended

Claire Tremblay by Claire Tremblay
24 February 2023
in Cryptocurrency
Reading Time: 2 mins read
0
IMF is Comprehensive Crypto Action Plan Unveiled: Legal Tender Status Not Recommended

The International Monetary Fund (IMF) has released a comprehensive report on cryptocurrencies, laying out a plan of action for regulators and governments around the world. The report also recommends that crypto currencies should not be given legal tender status.

According to the IMF, cryptocurrencies are not a reliable store of value and are highly volatile. Additionally, they have been associated with illicit activities such as money laundering and terrorist financing.

Table of Contents

Toggle
    • YOU MAY BE INTERESTED
    • $44M Gone in Minutes: CoinDCX Hack Linked to Lazarus Group’s Global Crypto Theft Spree
    • Is Dogecoin Price Ready for a Major Move? Double Bottom Pattern Points to $0.42
  • IMF’s Recommend Three-Pronged Approach to Regulate Cryptocurrencies
  • IMF Offers Roadmap for Regulating Cryptocurrencies

YOU MAY BE INTERESTED

CoinDCX security incident

$44M Gone in Minutes: CoinDCX Hack Linked to Lazarus Group’s Global Crypto Theft Spree

28 July 2025
Dogecoin price

Is Dogecoin Price Ready for a Major Move? Double Bottom Pattern Points to $0.42

28 July 2025

IMF’s Recommend Three-Pronged Approach to Regulate Cryptocurrencies

In the report, the IMF lays out a three-pronged approach to regulating cryptocurrencies. The first step is to improve the transparency of cryptocurrency transactions, which can be achieved through the use of blockchain technology. The second step is to address the risks associated with cryptocurrencies, such as the lack of consumer protection and the potential for market manipulation. Finally, the IMF recommends that regulators work to prevent the use of cryptocurrencies for illicit activities.

The IMF also stresses the need for international cooperation in regulating cryptocurrencies, as they are borderless and can easily be used for cross-border transactions. The report suggests that global coordination is necessary to prevent regulatory arbitrage and ensure a level playing field for all market participants.

One of the key recommendations in the report is that cryptocurrencies should not be given legal tender status. This means that they cannot be used to pay taxes, fees, or other obligations to the government. The IMF argues that giving cryptocurrencies legal tender status would undermine the role of central banks and could lead to increased financial instability.

IMF is Comprehensive Crypto Action Plan Unveiled: Legal Tender Status Not Recommended

IMF Offers Roadmap for Regulating Cryptocurrencies

The report also acknowledges the potential benefits of cryptocurrencies, such as faster and cheaper cross-border payments, but cautions that these benefits must be weighed against the risks. The IMF recommends that policymakers take a balanced approach to regulating cryptocurrencies, one that supports innovation while also protecting consumers and maintaining financial stability.

In conclusion, the IMF’s report provides a roadmap for policymakers and regulators to effectively address the challenges posed by cryptocurrencies. The report emphasizes the need for transparency, consumer protection, and international cooperation, while also cautioning against granting legal tender status to cryptocurrencies. By following the IMF’s recommendations, governments and regulators can ensure that cryptocurrencies are used responsibly and that the benefits they offer are realized while minimizing the risks they pose.

ADVERTISEMENT

As cryptocurrencies continue to gain popularity, it is important for countries to have a clear regulatory framework in place to ensure that they are used responsibly and for legitimate purposes. The IMF’s report provides a valuable roadmap for countries looking to develop such a framework and represents an important step forward in the ongoing evolution of the digital financial landscape.

You may be interested in: Meta Announces Massive Job Cuts: Thousands of Employees to Be Affected by Restructuring Plan

Tags: cryptoimf
Previous Post

Meta Announces Massive Job Cuts: Thousands of Employees to Be Affected by Restructuring Plan

Next Post

How the Russia-Ukraine War Has Reshaped the Global Landscape

Claire Tremblay

Claire Tremblay

Hello! I'm Claire, an associate news editor covering breaking news and writing articles about technology for different digital news channels. Currently, I live in Montpellier, France. I love teams. I love leading teams. I love motivating teams. Journalism, at its best, is a team pursuit. Over the years, I have had the privilege to be a key part of teams that have won Pulitzer Prizes, Peabody Awards and Emmy Awards. "Individually, we are one drop. Together, we are an ocean." – Ryunosuke Satoro Areas of journalism experience: News, Business, Blockchain, technology, Artificial intelligence (AI), Internet of things (IoT), Sports, Travel, Food & Wine, Outdoors.

SIMILAR NEWS

CoinDCX security incident
News

$44M Gone in Minutes: CoinDCX Hack Linked to Lazarus Group’s Global Crypto Theft Spree

28 July 2025
Dogecoin price
News

Is Dogecoin Price Ready for a Major Move? Double Bottom Pattern Points to $0.42

28 July 2025
Bitcoin price prediction
News

Bitwise CIO Says Bitcoin Rally Coming in 2026, Halving Cycle No Longer Relevant

28 July 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
DMCA
PROTECTED

Categories

  • Business
  • Cryptocurrency
  • Economy
  • en
  • News
  • Politics
  • World

Recent Posts

  • Bitcoin Eyes $150K as Fed Rate Cut Rumors Fuel Market Momentum
  • $44M Gone in Minutes: CoinDCX Hack Linked to Lazarus Group’s Global Crypto Theft Spree
  • Is Dogecoin Price Ready for a Major Move? Double Bottom Pattern Points to $0.42
  • Bitwise CIO Says Bitcoin Rally Coming in 2026, Halving Cycle No Longer Relevant
  • Inside CZ’s $76 Billion BNB Empire: What’s Behind the Explosive Price Climb?

Site Navigation

  • Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact

TurkishNY Radio

Banner 1
Banner 2
No Result
View All Result
  • Home
  • Cryptocurrency
  • Business
  • Economy
  • tr Türkçe
  • en English

  • English