Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Odusko
on 23/06/2023, 18:12:09 UTC

And today's statement from the International Monetary Fund will also have a real impact on the development of the crypto space especially BTC that banning cryptocurrencies may not be effective in the long run and can hurt a country's economic development and innovation. Source: https://cointelegraph.com/app/public/index.php/news/imf-banning-crypto-not-effective-in-long-run/amp.
Reading through the news shared and the advice of the international monetary Fund IMF it suggests for development of CBDC so that the government can have more access to regulate and controls the Digital Assets of its citizens the only positive thing from their statement is countries improve their payment systems.
IMF is being too political in their approach to cryptocurrency because it did not mention El Salvador or Central African republics in its statement even though both countries are the first to fully adopt cryptocurrency, so the IMF did not make an appropriate cryptocurrency adoption statement rather the IMF tried to promote the development of CBDC.