On Friday, the IMF published its report on global financial stability in which crypto-assets were given their own chapter. The report states that the financial stability risks are “not yet systemic” but outlines the “growing systemic implications” of the sector.
The IMF covers both the benefits of crypto-assets, including the ability to enable faster and cheaper payments and other inclusive financial services. But the focus is on the risks.
Key areas that attracted attention are:
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