Bitcoin

<p>Global financial regulators are increasingly concerned about the rapid growth of the cryptocurrency market. The International Monetary Fund (IMF) has just proposed a matrix for assessing national-level cryptocurrency-related risks to countries worldwide. This was on September 29th. Details follow.</p>
<h2 id="h-imf-shows-countries-how-to-assess-crypto-risks">IMF Shows Countries How to Assess Crypto Risks</h2>
<p>Convinced of the potential of cryptocurrencies, the IMF wants to assist countries in assessing their vulnerability to cryptocurrency-related risks. The institution has, in fact, published a document titled ‘Assessment of Macrofinancial Risks Related to Crypto Assets’ on September 29th.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>In the document, it proposes a matrix called the ‘<a href="https://www.theblock.co/post/253971/imf-paper-proposes-framework-to-assess-systemic-risk-from-crypto-assets" target="_blank" rel="noopener noreferrer nofollow">Crypto Asset Risk Assessment Matrix</a>‘ (C-RAM). The matrix consists of three steps for identifying crypto risks and implementing appropriate policy responses.</p>
<p>The first step involves assessing the macro-criticality of cryptocurrencies, i.e., their ability to influence the macroeconomy. The evaluation of this macro-criticality is done through a decision tree provided by the international institution.</p>
<p>The second step involves monitoring the entire cryptocurrency sector at the national level. This monitoring is done using indicators similar to those used for monitoring the traditional financial sector. As for the third step, it involves evaluating the impact that cryptocurrencies can have on the systemic risk assessment of countries that have adopted them.</p>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr">IMF paper proposes framework to assess systemic risk from crypto assets <a href="https://t.co/vgV7sGR1Du" rel="noopener noreferrer nofollow">https://t.co/vgV7sGR1Du</a></p>— The Block (@TheBlock__) <a href="https://twitter.com/TheBlock__/status/1708873790866800925?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 2, 2023</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div>
 </div>
 <figcaption class="wp-element-caption"><em>The IMF publishes a document proposing a framework for assessing the risks associated with crypto</em>
 </figcaption>
</figure>
<h2 id="h-the-beginnings-of-a-global-crypto-skepticism-campaign">The Beginnings of a Global Crypto Skepticism Campaign?</h2>
<p>Although the IMF is a reputable financial institution, there is no proof that its ‘Crypto Asset Risk Assessment Matrix’ is objective. In this era of the gradual merger between traditional finance and crypto finance, this matrix may be intended to promote crypto skepticism in countries.</p>
<p>Indeed, the International Monetary Fund has never had a favorable position on cryptocurrencies. The institution has repeatedly urged El Salvador to reverse its decision regarding Bitcoin, the queen of cryptocurrencies. It predicted that the adoption of Bitcoin as legal tender in El Salvador would have disastrous consequences for the country’s financial system.</p>
<p>However, all of the institution’s predictions for El Salvador have failed so far. This publication by the organization may be seen as a new attempt to curb global cryptocurrency adoption. Perhaps it is also a step in a potential project to create global cryptocurrency regulations!</p>

IMF Develops Crypto Risk Assessment Method

목차

Cointribune EN

2023년 10월 4일에 게재된 다른 기사

AI Drones Revolutionize Crop Harvesting with Precision and Efficiency

Xbox crypto wallet rumors raise hopes: How other tech giants navigate cryptocurrency

IMF Introduces New Approach to Assessing Crypto Risks at Country Level

REL Stock Price: J.P Morgan is bullish, Increases Target Price

BDOGE Token Rockets 1,000% and This Meme Coin Could Be the Next to Boom – Is the Hype Real?

# TNC2023: How to make money from gaming in Nigeria as a player and developer

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!