by Matthew Russell Lee, Patreon Book Substack
SDNY COURTHOUSE, Jan 11 – When the International Monetary Fund held its embargoed press briefing on January 11, 2024, Inner City Press asked for the IMF's view of the attacks on ships in the Red Sea and on the US SEC's approval the day before of spot Bitcoin EFTs.
The IMF spokesperson put on the screen the Fund's Port Watch and provided statistics on hte impact on shipping. After reiterating the IMF's position on crypto that it has benefits as well as making monetary policy more difficult, among other things, she said the IMF is studying the SEC's approval and may have more to say.
Inner City Press also asked what is the goal of the IMF's current mission in Sri Lanka. To assess the Program, she said, which last month disbursed $337 million.
Back on September 28 Inner City Press asked the IMF and crypto, mere days before the SDNY trial of FTX's Sam Bankman-Fried on fraud charges:
"At the G20, Deputy Managing Director Gopinath on crypto-currencies said that 'the good thing is there’s no talk of banning crypto I mean the idea that crypto is tough to ban has kind of gone through...It’s going to be much less of the Wild West with better data and transparency.' Can you explain more, and separate give some/any examples of this better data and transparency?" Video here
Spokesperson Julie Kozack directed Inner City Press to the Fund's recent paper; later in the briefing she cited concerns at El Salvador and Bitcoin. Watch this site.
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