Financial stability, IMF advocates CBDC and worldwide crypto norms

The International Monetary Fund (IMF) has announced a series of policies aimed at ensuring financial stability in emerging markets and developing economies despite worldwide crypto growth.

The IMF believes that crypto assets have the ability to be used for quicker and efficient cross-border payments, citing the huge increase in the value of crypto markets since May 2021, despite adverse trends.

High profits, low transaction fees and speed, and lowered Anti-Money Laundering (AML) regulations are cited as the key drivers of crypto adoption, according to the survey.