Tag Archives: International Monetary Fund


Bitcoin Takes Nosedive After Investors React to IMF Ruling

  By David Drake   In its World Economic Outlook published last month, the International Monetary Fund (IMF) cited that vigorous growth of digital currencies and the premature celebration of the cryptocurrency movement could potentially create vulnerabilities within the international financial system (IFS). Immediately after the IMF made this announcement, prices of major cryptocurrencies, including bitcoin, plummeted, resulting to a […]

What are Reasons Behind IMF’s Warning Against Cryptocurrencies?

  By David Drake   This past month, the International Monetary Fund (IMF) became the first global financial body to raise alarm over the fast growth of virtual assets and the impact this new asset class could have on the global financial market. The IMF warning comes just a month after the UK government issued a statement that branded the […]

What are the Long-term impacts of IMF’s Announcement on Digital Currencies?

  By David Drake   Growth of the crypto market has largely been viewed positively by many players in terms of its contribution to the global economy. However, to other economic players, cryptocurrencies are increasingly becoming a risk to both consumers and investors. Just recently, global financial institution, the International Monetary Fund (IMF) stated that there are possibilities that virtual […]

Will IMF’s Recent World Economic Output Report have a Long-term Effect on the Crypto Market?

  By David Drake   One sector that is set to experience revolution since the emergence of digital currencies is the financial industry. This is because blockchain, the technology that underlies cryptocurrencies offers several advantages to the sector. ¬†Unlike the current centralised financial systems that are costly, time-consuming and highly dependent on intermediaries, blockchain-based systems tend to be cheaper, fast […]