IMF kicks against adoption of cryptocurrencies as legal tender - Punch Newspapers

The most widely read newspaper in Nigeria

The International Monetary Fund has kicked against the adoption of cryptocurrencies, like bitcoin and ethereum, as legal tenders.

The post was authored by the financial counselor and director of the IMF’s Monetary and Capital Markets Department, Tobias Adrian, and general counsel and director of the IMF’s Legal Department, Rhoda Weeks-Brown. “If a crypto asset were granted legal tender status, it would have to be accepted by creditors in payment of monetary obligations, including taxes, similar to notes and coins issued by the central bank.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MobilePunch /  🏆 8. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Again, YABATECH ranked best polytechnic in Nigeria - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »

ASUU grumbles over inconsistency in salaries, faults IPPIS again - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »

Group slams Akwa Ibom gov over high debt profile - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »

Academy of Medicine Specialties to inaugurate 136 fellows - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »

Plant trees, save your houses from storms, says Ayade - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »

Undiagnosed, untreated hepatitis kills 124,000 Africans annually, says WHO - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »