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Monday, August 15, 2022

IMF: Crypto Cannot Be A Hedge For Investments

A new paper from the International Monetary Fund this week highlights that cryptocurrency and equity markets are more interconnected than ever, and urges monitoring and regulation of crypto asset markets to reduce risks of financial instability.

Cryptocurrencies have surged in popularity during the pandemic, with the market capitalization surging from $620 billion in 2017 to more than $3 trillion in November. No longer on the fringe of the global financial system, the mainstream adoption of crypto has ramifications for financial stability, the IMF paper argues.

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