International Monetary Fund (IMF) declares crypto trading is not risky

The global economy is changing rapidly, and it has an attitude towards cryptoassets. The latest blog post on Christopher Logard's cryptosetts, managing director of IMF, shows a transfer perspective even for digital currencies.

Christine Gardner is a remarkable lawyer and politician. He is currently working as Managing Director of International Monetary Fund after his appointment in 2016. Logard served various powerful ministerial positions in the French government. Forbes ranked the world's 100 most powerful women list in the year 2017.

In his post, "One hand approach to crypto-assets", he talks about the potential benefits of the crypto business. Lagarde carefully listed the benefits of virtual currencies in the modern world. DLT (distributed laser technology) is a powerful medium that can change the current financial system. The Australian Securities Exchange is already planning to use DLT for the management of equity transactions. DLT can also be used to securely store records.

He told that "even hand approach" to FINTECH can make positive changes. The use of decentralized applications will create a more balanced and robust financial system. Garde also noted that if they become more mainstream then cryptoscopes can cause serious risks. Price fluctuations, potential leverage trading etc. associated with cryptoscope can not be ignored. He advocates the need for global cooperation in regulating cryptosystems.

In another blog post, while addressing "Dark Side of the CryptoWorld", they analyzed the dangers coming with crypto-properties. Given the anonymous and decentralized nature of cryptosets, they could be used as a vehicle for money laundering. He cited the shutdown of a dark market, Alpha, which exchanged more than $ 1 billion via crypto. They confirmed the need for regulatory technology in cryptosystem to stop criminals and protect consumers.

Global financial sustainability report

April 2018 Global Financial Stability Report (GFSR) talks about the pros and cons of crypto-property. Under the section "A Bumpy Road Ahead", the report says that cryptosets can unite the benefits of traditional currencies and commodities. The weight of the fraud that is circulating has also diminished. It has been said in the report that cryptosetts have a very small share in the global financial system (less than 3%), and thus they face limited challenges in traditional currencies and nothing to worry about. is!

People in charge of creating new policies have to work globally. Collaborating with innovative thinking and other departments Time is required to ensure that the average cryptoas investor experiences more financial stability.

Future of cryptoets

Even with all the shortcomings in cryptow business, it has the ability to influence centralized financial institutions. Despite the dismissal of Bitcoin by Jamie Damon (CEO, JP Morgan Chase) and Ray Dalyo (billionaire investor), there is still hope for cryptoets. Christine Logger's recent stand tells this. She says:

"We need a one-hand regulatory agenda, which prevents risks without discouraging innovation."