Poket News

IMF warns against adoption of Crypto currency

 

  • The International Monetary Fund has warned against the adoption of Crypto currency, saying it can threaten financial stability of emerging markets. 
  • According to the IMF, Crypto currency poses new challenges to financial stability and consumer protection risks remain substantial given limited or inadequate disclosure and oversight.  
  • The total market value of all the crypto assets surpassed 2 trillion dollars as of September 2021, a 10-fold increase since early 2020.