IMF is Looking Back at Cryptos
International Monetary Fund has brought many decisions regarding cryptos, that have not been the most favorable, but in terms of reflecting into real politics, there is nothing more than concerns.
In the last issued paper, there was an extended reference regarding cryptos, presenting a disappointing version of them. On the negative side, it was mentioned that there is a large possibility that cryptos are used for illegal activities and breaking the law through them.
But there is more to come. IMF stated that the “mighty” advantages of cryptos like faster and cheaper transactions and financial inclusion has not been evident right now in the real world.
In the end, it is mentioned that crypto expansion will affect the global monetary policy and will repeal capital from the real economy.
Why IMF remains so aggressive towards cryptos and should we take them into account ?
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