IMF flags debt restructuring hurdles, says banning crypto should be an option

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There are some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund said on Saturday on the sidelines of a G20 meeting, adding that banning private cryptocurrencies should be an option.

India's G20 presidency comes at a time when its South Asian neighbours Sri Lanka, Bangladesh and Pakistan are seeking urgent IMF funds due to an economic slowdown caused by the COVID-19 pandemic and the Russia-Ukraine war.

China, the world's largest bilateral creditor, urged G20 nations on Friday to conduct a fair, objective and in-depth analysis of the causes of global debt issues as clamour grows for lenders to take a large haircut, or accept losses, on loans. "On debt restructuring, while there are still some disagreements, we now have the global sovereign debt roundtable with consideration of all public and private creditors," IMF Managing Director Kristalina Georgieva told reporters after the roundtable she co-chaired with Indian Finance Minister Nirmala Sitharaman.

 

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No - IMF didnt say banning crypto is an option. They said it needs to evolve but requires regulation

IMF is against crypto because it actually makes the general public learn about the current decrepit financial system we’re in. Watch this video from Coin Bureau if you don’t believe it: banks are legally allowed to steal your money when they mess up again,

Ignore such

BREAKING : mafia controlling money supply doesn’t want any change to monetary system.

🚨International MONETARY Fund doesn’t like crypto.

Let them try. Bitcoin will resist.

no

Banning crypto is a necessity. As an IMF head considering this an 'option' is a direct indication of IMF funds or funding security. It's quite obvious that someone has their hands in jars where it shouldn't be and can't seem to pull that hand out. VEGAS IS AN OPTION.

That true today

Americans blaming Mexican Cartels for their unbelievable demand for drugs. Americans are good in telling themselves and the world, lies about reality. Americans will need to handle reality for a long time. They ignored the warning shot 2008.

I ask myself , whom is going to stop this criminals and who is interested in stopping this war. Definitely not the weapons industry and the corrupt politician that finances this with tax money that returns in his personal pockets as kick back. People die because of this.

And? What has the United Nations done to protect innocent civilians. NOTHING BUT NOTHING. Bla, Bla and corrupt weapon deals.

IMF better focus on inflation, rather than focusing on crypto,

el savador: but i just spent the last 2 yrs swapping euros for bitcoin!

She's mad because she missed BTC in it's early days... Don't worry, Russia and China will go back to the gold standard and Fuck uncle Sam royally... And then they will prioritize cryptocurrency...

How exactly does that help debt restructuring

Wow. Just wow.

OFC they do.

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