International Monetary Fund The International Monetary Fund (IMF) released a report (WORLD ECONOMIC OUTLOOK) on October 9 (local time) on the view that the continued rapid growth of cryptography will bring new vulnerabilities to the international financial system.
Traditional financial institutions are now looking for ways to utilize block chains to validate the diversification of the cryptographic portfolio and to rationalize cross-border payments that currently cost millions of dollars. However, due to lack of knowledge and experience related to the cryptographic market, it is not only a risk to the international financial system but also cyber attack can be a new risk that shakes the credibility of the cryptographic market. The IMF is in the process of understanding an industry that is constantly evolving and that governments need to take the best possible action.
The report estimates the global economic projection for the 2018-2019 period at 3.7%. It was down 0.2% from April, including the impact of the US-China trade war. The downward adjustment of emerging countries such as Argentina and Brazil became more clear. In these countries, the credit to the central bank is not high and funds are flowed to substitute assets such as cryptographic money, so that cryptography is used not only for investment but also for capital regulation and international sanctions. For more information, please click here .