The International Monetary Fund is monitoring the use of cryptocurrencies to avoid sanctions, while geopolitical tensions have caused changes in foreign direct investments, said the entity’s first deputy managing director, Gita Gopinath.
“We are monitoring the use of cryptocurrencies to avoid sanctions, but we are also seeing that good types of capital flows are reacting to rising geopolitical tensions,” Gopinath said on a panel at the IMF and World Bank spring meetings in Washington.
Gopinath’s statements come within hours of the Bitcoin (BTC) halving, an event that occurs every four years and consists of reducing by 50% the reward that miners receive for validating transactions on the network to control cryptocurrency inflation.
It is the most important event in the crypto world and is part of the structure of the most popular cryptocurrency in the world, by which the reward of each block will be divided between two
The number two of the IMF, Gita Gopinathyesterday he held a meeting with the Minister of Economy, Luis Caputo, who had arrived in Washington to negotiate with the organization a disbursement of 15,000 million dollars, necessary for Javier Milei’s government to implement the exit from the exchange rate.
Caputo also met with senior US government officials, including the Treasury Department’s undersecretary for international affairs, Jay Shambaugh, to talk about the economic situation in Argentina.
At the beginning of April, the Fund’s communications director, Julie Kozack, considered that “at this time, it would be premature to discuss the modalities of a possible future program with Argentina.”
Source: Ambito
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