BTC New Reserve Currency!? This Bitcoin Report Is CRAZY!!
Read summaryPeople adopt cryptocurrencies for fun, speculation, or out of necessity. In many parts of the world, adoption is driven by the decline of fiat currencies or strict capital controls. A recent report by the IMF examines how Bitcoin is used for cross-border transactions. The authors found that cross-border BTC transactions differ from regular ones and are used to evade capital controls. The report suggests that as crypto adoption grows, targeted policy responses will be needed. This shows that traditional financial institutions are starting to view cryptocurrencies as a threat to the current system.📈🌎💰 #cryptocurrency #IMF #Bitcoin #cryptoadoption #crossbordertransactions #capitalcontrols #financialsystem
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