Fri. Apr 12th, 2024

IMF Says That Cryptocurrencies Do Not Threaten Financial Stability

Angélica Añez, redactora en Criptokio By Angélica Añez Jul 28, 2022
FMI Crypto

✍️ 28 July, 2022 – 17:37 👤 Editor: Jakub Motyka

  • The crypto winter has severely affected various sectors of the digital economy, not necessarily cryptocurrencies.
  • Although the digital market is still has not been fully extended to the public, it is possible that the traditional market is affected.
  • What does the IMF think about it?

The International Monetary Fund (IMF) ensures that the fall of cryptocurrencies does not threaten global financial stability. In a recently published report, he commented on how the Russian invasion of Ukraine and the blockades caused by COVID-19 are the most important threats to the world economy. This statement is based on the fact that, at the moment, Bitcoin (BTC) is separated from the conventional banking system.

His new stance on crypto assets contradicts his earlier sentiments on the digital economy. In 2019, Christine Lagarde, the then head of the IMF, declared that cryptocurrencies had an impact on the financial system. Alongside this, at the end of last year, the IMF said that digital currencies >were a threat to global financial stability. These statements prompted the appearance of regulations worldwide, in order to have more control over these assets.

Are The IMF Statements On Cryptocurrencies Correct?

The crypto winter has affected numerous companies, forcing them to file for bankruptcy, the best examples of this being Three Arrows Capital and lender Celsius. At the same time, the constant threat of recession has caused many investors to sell their assets. This has led the price of BTC to reach USD 17,000, causing problems with the loans given to these and other companies in the digital world.

Despite the IMF’s assertion, a report published early last year points out that cryptocurrency prices correlate with shares of traditional companies . Simply put, digital currencies have started to have a negative effect on global markets. However, they point out that their opinions do not necessarily represent the opinions of third parties.

Latest news about cryptos:

Image sources:

  • fmi-crypto: https://commons.wikimedia.org/wiki/File:International_Monetary_Fund_building.JPG

🎁 Nuestro partner te regala 15€ por invertir en criptomonedas:

ℹ️ Descargo de responsabilidad: El contenido educativo de este sitio web se ofrece de buena fe y solo con fines de información general. Criptokio prioriza proporcionar información de alta calidad, tomándose el tiempo para investigar y crear contenido informativo para los lectores. Si bien los socios pueden recompensar a la empresa con comisiones por las ubicaciones en los artículos, estas comisiones no influyen en el proceso de creación de contenido imparcial, honesto y útil. Cualquier acción tomada por el lector en base a esta información es estrictamente bajo su propio riesgo.

Angélica Añez, redactora en Criptokio

By Angélica Añez

Tras varios años escribiendo, lo que más disfruto de redactar es aprender. Poco a poco voy entrando más en el mundo de los criptos y conociendo más sobre el tema, interesándome especialmente los NFT y todo lo relacionado con el arte como token.

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *