The International Monetary Fund or IMF is infamous for its involvement in the finances of foreign countries. Given that crypto is slowly but surely being adopted by the same kinds of countries the IMF targets, it’s expected that the IMF would in turn target crypto.
The IMF report I summarise in today’s video is filled with lots of what you would expect, but also a few things you would not expect. This includes an acknowledgement that public blockchains are better than private ones, and that crypto cannot be banned.
These significant acknowledgements don’t change the fact that the IMF’s endgame with this report and others is to establish global crypto regulations. The kinds of crypto regulations the IMF wants to see aren’t that retail investor friendly.
And that’s just the tip of the iceberg…
⛓️ 🔗 Useful Links 🔗 ⛓️
► Full IMF Report: https://www.imf.org/en/Publications/f…
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.