social network

IMF called cryptocurrency a threat to the global economy

The International Monetary Fund said that Bitcoin and other cryptocurrencies threaten the global financial system. If their popularity continues to grow, the cryptocurrency can affect the entire economy.

Part of the problem is delivering cyber attacks on the financial infrastructure, which at the same time can affect traditional banking systems.

Cryptocurrencies are highly volatile. For example, last year Bitcoin rose from about $ 1,000 at the beginning of the year to almost $ 20,000 in December, and now the BTC unit is estimated at about $ 6,500.

The total capitalization of the cryptocurrency market is about $ 215 billion.

Back to top button