RATE Group | Rapid Growth of Bitcoin & Crypto Will Impact Global Financial System
45602
post-template-default,single,single-post,postid-45602,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Rapid Growth of Bitcoin & Crypto Will Impact Global Financial System

14 Oct Rapid Growth of Bitcoin & Crypto Will Impact Global Financial System

Posted at 20:18h in Bitcoin News by

[ad_1]


IMF Bitcoin

The International Monetary Fund (IMF) has stated in a recently released report that the rapid growth of Bitcoin and crypto could impact the international finance system.

The report entitled “World Economic Outlook: Challenges to Steady Growth” published by the IMF read:

“Cybersecurity breaches and cyberattacks 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.”

Rapid Growth, Improving Regulation, Acknowledgement From Government Agencies

Despite the 80 percent decline in the valuation of the crypto market, the industry has seen some of the most positive developments regarding the institutionalization, regulation, and development of cryptocurrencies as an emerging asset class in the past nine months.

Led by existing companies like…

[ad_2]

Source link

Tags:
, , , , , , ,