Even while acknowledging the improvements that crypto technology has brought to finance, the IMF is still cold on crypto in general.
What crypto has provided for finance
In an IMF blog post published today, it was admitted that the technology behind crypto can be used for the improvement of cross-border payments, and it also acknowledged the (crypto inspired) innovation that the private sector was using to disrupt financial services.
However, as is the case whenever the IMF writes its blogs about crypto, the main tone was very uncomplimentary to crypto in general, and it was stated that the IMF and the Financial Stability Board were calling for “tighter regulation”.
The technologies that crypto had brought to finance were said by the IMF to be tokenization, encryption, and smart contracts. It was stated that the “private sector” (and in the view of the IMF this didn’t include crypto) was using these technologies to innovate in transformative ways.
CBDCs
Once this was said, th
We współpracy z: https://cryptodaily.co.uk/2023/02/imf-crypto-tech-powers-payments-but-crypto-assets-disappointing
