- IMF urged to opt for regulation instead of banning cryptocurrencies If cryptocurrencies are banned, countries will lose control of the industry, so a policy of regulation, not repression , should be adhered to .
- According to her, it is impossible to prohibit digital assets, since users of these tools will simply switch to offshore exchanges, which are not subject to certain rules.
- The updated forecasts assume three increases in the key rate over the next two years.
IMF urged to opt for regulation instead of banning cryptocurrencies
If cryptocurrencies are banned, countries will lose control of the industry, so a policy of regulation, not repression , should be adhered to . This was stated by IMF chief economist Gita Gopinath at the NCAER conference.
According to her, it is impossible to prohibit digital assets, since users of these tools will simply switch to offshore exchanges, which are not subject to certain rules.
“Can you really do this [ban cryptocurrencies] as many exchanges are offshore and not subject to country-specific regulations,” she said.
She stressed that “no state can solve this problem alone,” since cross-border transactions with cryptocurrencies are almost impossible to control.
The politician also said that at the moment, digital assets are not a global threat. However, in her opinion, giving them the status of legal tender is a big mistake.
Fed allowed three key rate hikes in 2022 due to inflation risks
As a result of the meeting on December 14-15, the FRS postponed the deadline for the final curtailment of the asset repurchase program from June to March. The updated forecasts assume three increases in the key rate over the next two years.
The previous forecast for September allowed only one increase in 2022 and two in 2023.
The volume of the reduction in the purchase of bonds was doubled – from $ 15 billion to $ 30 billion.
The reason for the revision of the Fed’s position was the strengthening of inflation, which reached its maximum in 30 years in October (6.2% in annual terms).
At its December meeting, the Federal Reserve refused to interpret the increase in inflationary pressures as “temporary.” The Open Market Committee raised its inflation forecast – from 4.2% to 5.3% at the end of 2021 and from 2.2% to 2.6% in 2022.
Bitcoin Trading SideWays
In anticipation of such dynamics, crypto traders will prefer temporary profit-taking on open positions, make money on the movements of the US stock market, and then return to the crypto market.
Accordingly, in the week from December 20 to December 26, an increase in demand for cryptocurrencies and an increase in the value of bitcoin are expected as a temporary event. After that, the price may drop to the lows of the month. In addition, the media forecasts that the market will definitely not pass the support of $ 40,000 look negative.
Melania Trump’s NFT marketplace
The first NFT on the platform is Melania’s Vision. A watercolor painting by Marc-Antoine Coulon depicts Melania and an audio file with a message from her. A Solana (SOL), equivalent to about $187 at the current exchange rate, will be required to purchase the limited-edition Melania Trump NFT.
In the coming months, Melania Trump will release NFT regularly, and she plans to hold a one-of-a-kind auction with historic significance in 2022. The auction will feature digital art, physical art, and a physical one-of-a-kind accessory.
Melania Trump stated at the launch of the Melania Trump NFT initiative, which is inspired by her passion for the arts and echoes her commitment to children through the Be Best initiative. Our new technology-based platform will provide children with computer science skills, including programming and software development, so they can thrive after they leave foster care,” Melania Trump said.
She hopes to empower the children who have aged out of foster care economically and help them pursue careers in computer science and technology.
