The International Monetary Fund is concerned about the excessive volatility of the Bitcoin, as well as its popularity among criminals and terrorists. Representatives of the organization are calling for an international talk on encrypted data to be launched as soon as possible. An event of this kind can be the G20 meeting in March.
Last year, the Bitcoin rate rise by 1500% but dropped sharply earlier this year. According to IMF Representative Gerry Rice, such jumps are unfavorable to investors in the crypto market.
The IMF recognizes that crypto may benefit, for example, as a more efficient means of payment. But at the same time, they are often used for money laundering, terrorist financing, and fraud. According to Rice, regulators of all countries need to unite and stop ignoring the crypto market. Everything should be done internationally.
For such a discussion, Germany and France are already ready, and both countries intend to initiate the G20 debate in Argentina.
At the end of last year, Christine Lagarde, head of the IMF, said the emergence of the crypto flag is a sign of global financial market changes that can no longer be ignored.
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If they are worried about criminal activity then they should be worried about coins like Monero.
Monero is for jews
The most criminal and the misantrophic catastrophies were paid in US Dollars!!!! Sorry Mrs. Lagarde...... you guys have no idea of the world you live in and that is why we are, where we are. Could all of these smart people prevent the financial crisis? NO....... so step back and shut up! People around the world wouldnt have the problems we currently have if these people would just take a step back and sorry to solve problems, the last idiots I would ask are the governments of France and Germany.