The International Monetary Fund (IMF) issued a call to States not to grant cryptocurrencies the status of official currency or legal tender, emphasizing the need to establish stricter regulations.

In a recent report, the IMF highlighted the importance of having a strong legal foundation that addresses both private law and financial law aspects, in order to effectively regulate digital currencies.

The report cited flaws in the FTX cryptocurrency trading platform and the Terra Luna stablecoin, underscoring the urgency of establishing clear policies to protect investors and prevent potential abuse.

The IMF cautioned against investor optimism, noting that although bitcoin’s value has nearly doubled this year, risks of fraud and misconduct could negatively affect expected returns.

Some lawmakers took steps to protect users and ensure financial stability, but the IMF stresses that the broader implications of cryptocurrencies must be considered.

In particular, the report warns of the possibility of stablecoins eventually replacing official currencies, which could have a significant impact on countries’ monetary and fiscal policies, especially in emerging markets and developing economies. Therefore, the need for a comprehensive, coherent and coordinated policy approach in relation to cryptocurrencies is emphasized.

Given this scenario, the IMF suggests taking measures such as maintaining solid, reliable and credible national institutions, in order to strengthen the defense against the possible substitution of local currencies by cryptocurrencies.

K. Tovar

Source: El Universal

(Reference image source: James Baltz, Unsplash)

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La entrada IMF urges strict regulations for cryptocurrencies apareció primero en Bitfinance.

WhatsApp began rolling out to some beta users a new feature that allows them to hide their “Online” connection status within the instant messaging app.

The CEO of Meta Platforms, Mark Zuckerberg, announced last August the arrival of new functions to the app. Among these, the possibility of selecting who can and who cannot see when a user is connected was announced.

Now, several specialized portals have confirmed the deployment of this new feature among certain participants in the beta of the instant messaging application for Android, in versions 2.22.20.9 and 2.22.20.7.

Thanks to it, users will be able to configure from the app Settings which contacts they give access to, both at the time of their last connection and whether they are online or not.

Both permissions go hand in hand, and it is the user’s decision to create a list with those contacts to whom they want to grant this permission to further protect their privacy.

K. Tovar

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Source: Xataka Android

La entrada WhatsApp already allows you to hide the “Online” status apareció primero en Bitfinance.

WhatsApp is working to integrate a new feature that will allow users to hide that they are online from other contacts when they are using the application.

Currently, in the privacy options of the social network, you can choose who can see the time of the last connection, the profile picture, the information or the statuses, which have a duration of 24 hours.

However, until now it is not possible to hide the status, so that all users can see if one of their contacts is inside the application and, therefore, online.

As specialized media recently indicated the company is working to incorporate a feature that it has been developing for months to maintain privacy.

According to a screenshot of WhatsApp beta for iOS, in a future update it will be possible to limit who can see the connection status within the Last Seen Settings section.

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Source: dpa

La entrada WhatsApp will allow users to hide their online status apareció primero en Bitfinance.