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Crypto Is No Threat To Global Economy Says IMF

International Financial Organization named International Monetary Fund (IMF) is responsible for secure financial stability, promote sustainable economic growth around the world. According to the annual report published in the second week of April from IMF on global economic growth, cryptocurrencies do not pose a threat to the global financial stability.

Actual reports states:

It is impossible to know the extent to which crypto assets may transform the financial infrastructure and whether most new crypto assets are likely to disappear as in past episodes of technological innovation (as many tech companies did during the boom of the late 1990s, for example). Before they can transform financial activity in a meaningful and lasting manner, crypto assets will first need to earn the confidence and support of consumers and financial authorities IMF Report

Other financial institutions like the Financial Stability Board (FSB), and Bank of England also acknowledged the fact that global financial stability will not be disturbed by the unpredictable stance of cryptocurrency, but one should be very careful when it comes to investing in crypto.

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Muhammad Furqan

Furqan is a financial markets expert. A regular trader of cryptocurrencies and hold some investments in Bitcoin, Stellar, IOTA and OST.

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