The International Monetary Fund provides technical advice to Andorra on recording Bitcoin transactions
The International Monetary Fund (IMF) has provided technical advice to Andorra on recording Bitcoin transactions to enhance its international balance of payments statistics.
Andorra's financial regulatory authorities need to approve banks for such transactions, although no requests have been made yet.
The IMF recommends monitoring crypto assets until 2024 and warns against using unsupported cryptocurrencies as national currencies. The IMF suggests that Pacific island nations adopt regional digital currency schemes and cautions against hastily introducing central bank digital currencies due to lack of preparedness.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: 527.22 BTC transferred out from a certain exchange, routed through intermediaries, and flowed into BlackRock.
Bit Digital: Held over 150,000 Ethereum as of the end of November, valued at approximately $460 million
US Prosecutors: Do Kwon Should Be Sentenced to 12 Years in Prison
Trending news
MoreCrypto prices
More
