IMF warns of the danger to the financial system from ‘disappearing’ crypto coins and the instability of stablecoins | Currency News | Financial and Business News

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Bitcoin balloon Andriy Onufriyenko The IMF warned countries about the risks that came with the growing crypto space in a report Tuesday. More than 16,000 tokens have been listed on exchanges, but only around 9,000 exist today, the report said. The fund said stablecoins were vulnerable to volatility and investor runs despite being pegged to … Read more

Covid-19 demonstrated ‘power’ of government spending, says IMF

Covid-19 demonstrated ‘power’ of government spending, says IMF

The coronavirus crisis caused a much larger rise in public and private debt than the global financial crisis, the IMF said on Wednesday, as it highlighted a “great finance divide” between countries with access to finance and those without. The debt was generally put to good use during the pandemic, according to Vitor Gaspar, head … Read more