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IMF Proposes A Paper To Assess Crypto Risk
10/03/2023

IMF Proposes A Paper To Assess Crypto Risk

10/03/2023
4,7

The International Monetary Fund has published a paper proposing a matrix for assessing the risks of the cryptocurrency sector. The matrix is intended to outline vulnerabilities and measures to prevent them.

“Assessing Macrofinancial Risks from Crypto Assets” offers countries a matrix that will identify markers of potential risks in the crypto industry. It includes three steps. The first one defines the potential impact of cryptocurrencies on the macroeconomy. The second stage looks at monitoring indicators. And at the last step are global macroeconomic risks.

The paper also cites the example of El Salvador, which made Bitcoin a legal payment method in 2021. The authors of the paper assess this precedent as macrocritical. They believe it undermines financial stability. Last year, the IMF urged El Salvador to stop using Bitcoin as a means of payment.


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The materials found on the Cryptonica website shall not be taken as individual investment recommendations. The financial instruments or operations mentioned therein may not align with your investment profile or objectives. We assume no responsibility for any missing facts or inaccurate information in the texts. Cryptocurrencies are financial assets with high risk and volatility. Therefore, it is crucial that you conduct your own research on financial instruments and make independent decisions. Before engaging in any actions related to cryptocurrency, you shall study, understand, and comply with the laws applicable in your region and country.


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