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re: Regulating Digital Currencies: Bringing Bitcoin within the Reach of the IMF

Posted on 6/5/13 at 3:53 pm to
Posted by gizmoflak
Member since May 2007
11668 posts
Posted on 6/5/13 at 3:53 pm to
quote:

The paper argues that the International Monetary Fund, the institution responsible for coordinating the stability of foreign exchange rates, is ill-equipped to handle the widespread use of Bitcoins into the foreign exchange market.


You don't say.......
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 6/5/13 at 11:31 pm to
quote:

The paper argues that the International Monetary Fund, the institution responsible for coordinating the stability of foreign exchange rates


The IMF hasn't been responsible for that since 1971. In today's floating exchange environment it would be politically impossible anyhow.
Posted by Broke
AKA Buttercup
Member since Sep 2006
65050 posts
Posted on 6/6/13 at 9:08 am to
quote:

is ill-equipped to handle the widespread use of Bitcoins into the foreign exchange market.


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