THE NEWS OF THE WEEK: Cryptocurrency assets may ”reduce the demand for central bank money”. -International Monetary Fund (IMF)
The International Monetary Fund (IMF) has published a new report on the issue of global monetary policy in an age of increasing digitization. No such report in 2018 would be complete without a mention of cryptocurrency, and cryptocurrency enthusiasts will be intrigued to learn that the report is indeed centered around virtual currencies. Most notably, however, the report comes to the conclusion that cryptocurrency assets may ”reduce the demand for central bank money”.
The IMF report explains how money has through history seemingly been fluctuating between either being credit money or commodity money. Cryptocurrencies are a sort of commodity currency, and the IMF proposes that increased adoption of cryptocurrency would lead to a decreased demand for central bank issued credit currencies.
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good information dear @melip
@upvoted & @resteemed
thanks for sharing such a great news @melip
@upvoted @resteemed
thank you friend for keeping us always informed
excelente información amiga, siempre compartiendo buenos temas
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The change is coming friends!
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@upvoted & @resteemed
good article friend and important, grateful for this information
muy buena informacion ,gracias por compartirla, saludosamigo
informative entry as always! Thanks for keeping us updated my dear friend, have a great day