RATE Group | IMF Says Bitcoin Could Create Less Demand for Regular Debt-based Fiat Money
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IMF Says Bitcoin Could Create Less Demand for Regular Debt-based Fiat Money

06 Jun IMF Says Bitcoin Could Create Less Demand for Regular Debt-based Fiat Money

Posted at 09:47h in Bitcoin News by

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IMF Says Bitcoin Could Create Less Demand for Fiat

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This month the International Monetary Fund (IMF) released a report on global monetary policy in the digital age which explains that “crypto assets may one day reduce demand for central bank money.” The IMF study was written after an IMF staff discussion that details that cryptocurrencies could someday lower the demand for fiat currencies by creating a shift from “credit money to commodity money.”

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Crypto Assets Will Eventually Be More Widely Adopted

One thing is for sure the IMF has a lot to say these days about Bitcoin technology and other cryptocurrency solutions. More recently the Managing Director of the IMF, Christine Lagarde, has had a lot of positive words to…

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