Bitcoin price news: Cryptocurrency and blockchain price rise to cause global system CHAO…

The recent explosion of interest in crypto assets and the relentless surge in BTC’s value may contribute to a weakened global financial system overall, the IMF has suggested.

The Fund published a key report today, October 10, entitled the World Economic Outlook.

It said: “Cybersecurity breaches and cyber attacks on critical financial infrastructure represent an additional source of risk because they could undermine cross-border payment systems and disrupt the flow of goods and services.

“Continued rapid growth of crypto assets could create new vulnerabilities in the international financial system.”

It is not the first time the IMF has warned about risks posed by BTC and cryptocurrencies.

The IMF’s stability report last week said: “Despite its potential benefits, our knowledge of its potential risks and how they might play out is still developing.

“Increased cybersecurity risks pose challenges for financial institutions, financial infrastructure, and supervisors.

“These…