The IMF Calls for International Cooperation on Crypto
The IMF Calls for Cooperation
The IMF(International Monetary Fund) is an organization of the United Nations.
This is another unfortunate case of the government fearing Bitcoin and other cryptocurrencies. It seems like everytime the crypto market is about to make a recovery, another news story such as this one drops.
The IMF spokesman, Gerry Rice, said that there is a need for "greater international discussion and cooperation among regulators."
He also stated, "When asset prices go up quickly, risks can accumulate, particularly if market participants are borrowing money to buy. It's important for people to be aware of the risks and take the necessary risk-management measures."
What does this mean for Crypto?
It is hard to say what this will do to the market, or if it had anything to do with another dismal day that crypto went through today. It seems like the UN might be taking the stance that cryptos are here to stay, but they just need to be regulated. This might be good for crypto for the long term, but the market has been struggling for the last 24 hours. I am not sure if this news attributed to the struggles of the market in the last 24 hours, but it probably didn't help.
It is easy to see that many governments are worried about Bitcoin and crypto taking away their fake money press business they are in.
Conclusion
In my view all of this bad news and the recent bear market is just a good buy opportunity for me. I am not sure how much lower the market will dip, but I am fairly certain it will rebound to new all time highs! That is crypto 101.
To the moon,
Screw those bums and everyone else trying to crash crypto!
It seems like a coordinated effort from governments around the world to slow down bitcoins progress. They didn't like the way it was growing too fast.
I agree. Between all of the negative news and the addition of Bitcoin to futures trading, it seems like they want to manipulate the price downward.
Governments have realised that they cannot fight bitcoin as a stand-alone country, so they are trying to cooperate. In time, they will realise that they global government cannot fight bitcoin either.
This.
so many hard hits has been made on cryptocurrency this will make it unstable
They so fearful of bitcoin and crypto that they're fighting it this hard.
Your smart and positive view on the whole situation is in my opinion the right perspective to look at it!
Governments fear economic liberty. Cryptos will go up again. Thanx for the post.
Excelente amigo, los gobiernos y las corporaciones se sienten amenazadas por el bitcoin, por eso buscan cualquier pretexto para detener su progreso, pero la buena noticia es que no van a poder, pueden detener el progreso un poco, pero el éxito de las criptomonedas esta asegurado.
M0loN 74b3
They are afraid of crypto Lol . Crypto will take over their banking system which have been looting us for years .
i just hope everyone don't take a big decision