The International Monetary Fund has said the growing adoption of cryptocurrencies pose risks to the global economy.
The IMF said this in its ‘Global Financial Stability’ report released on Tuesday.
It said the adoption of crypto assets and stablecoins in emerging markets and developing economies could pose a challenge to those countries’ macroeconomic and financial stability.
According to the fund, while the risks are contained for now, regulators have to monitor cryptocurrencies to keep them in check.
Written by: EaglesFM