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Person holding the Nigerian flag with text overlay: "IMF Backs Nigeria's Crypto Adoption Amid SEC Crackdown"

IMF Backs Nigeria’s Crypto Adoption Amid SEC Crackdown

The International Monetary Fund (IMF) has thrown its weight behind Nigeria’s adoption of cryptocurrencies, recommending the licensing of global cryptocurrency exchanges. This move aims to address Nigeria's macroeconomic challenges, including currency instability and inflation, while bolstering its position in Africa's burgeoning crypto market​. Nigeria has faced significant economic hurdles, with a notable issue being the discrepancies…

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Digital Currencies Could Surpass Traditional Money, IMF Reports

The large institutions that oversee the mechanisms of the global economy are paying ever closer attention to blockchain technology and cryptocurrencies. Among these institutions is the International Monetary Fund (IMF), which for over seventy years has played a leading role in ensuring worldwide fiscal stability, particularly in underdeveloped countries. The IMF has just released a…

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World Bank & IMF Introduce Token to Promote Blockchain and Crypto Education

Over the last couple of years, numerous governments and financial institutions have experimented with blockchain technology, granted its increasing popularity. Now, recent reports indicate that in an attempt to learn more about how blockchain technology and cryptocurrencies work, the International Monetary Fund (IMF) and the World Bank have launched an educational blockchain-based token. The coin…

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