THE NEWS OF THE WEEK: Cryptocurrency assets may ”reduce the demand for central bank money”. -International Monetary Fund (IMF)

in cryptocurrency •  7 years ago 

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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Peace Train -Yusuf Islam

The change is coming friends!

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I appreciate it..
@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

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@upvoted & @resteemed

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great explanation & some valuable information..
thank you dear @melip
@upvote & @resteem done

It's amazing what the cryptocurrencies have become. And still more! Grateful with the information friend, have a good day.

Ya las Criptomonedas comienzan a apoderarse de muchos organismos internacionales como el( IMF), @melip muy buena noticia para los que creemos en las criptomonedas

Asi es amiga mia. Esto ya no para 😊

@melip great information cryptocurrency.

SALUDO QUE BUENO EL FUTURO CRIPTO ESTA MUY CERQUITA,Y¿QUE VENDRÁ DESPUÉS? SALUDO Y GRACIAS POR MANTENERNOS INFORMADO

  ·  7 years ago (edited)

Great and update news @melip
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