The International Monetary Fund is concerned about global debt, as well as the growth of crypto.
The IMF has warned that the world faces another financial meltdown, following banks’ and governments’ failure to put right the causes of the last one, which started with the fall of Lehman’s in 2008. The Fund has also issued a stark warning about bitcoin and crypto assets, stating that they could create new vulnerabilities in the financial system.
Debts are now far higher than they were before 2008, largely due to the measures policymakers used to address the last crisis. A shock in the financial system would lead to another crash, with potentially worse consequences, since all the tools used to fight the last one have been exhausted.
Source: https://cryptoinferno.org/news/imf-warn-global-financial-crisis-bitcoin/
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