The world financial institution, the International Monetary Fund (IMF) is concerned with the existence of digital currency or cryptocurrency.
IMF, Tobias Adrian, IMF's Counselor and Director for the Monetary and Capital Markets Department, said cryptocurrency is a necessity that now exists and begins to color the financial system worldwide.
"Some of the technology behind crypto assets could make the financial market infrastructure more like a payment system more efficient," he said in his presentation at the IMF building in Washington DC. However, not all things related to cryptocurrency are fun. Because, according to Adrian, at the same time cryptocurrency keeps a negative risk to the financial system itself.
How not, with its form of digital assets, cryptocurrency is easily misused for the crime of the financial system such as money laundering crime.
In addition, the absence of a clear system, making cryptocurrency vulnerable to malfunction that ultimately harm the people who use this instrument.
"Crypto assets have potential for financial crime (fraud), security breaches and operational failures," he explained.
For that, Adrian said, governments and policy makers in various countries should begin to establish a clear policy related to cryptocurrency so that potential problems that will arise in the future can be prevented.