IMF now the latest to warn against cryptos opening ‘unwanted doors’
A handful of cryptocurrency exchanges have suddenly become billion-dollar companies. An explosion in Bitcoin’s popularity has supercharged previously small-time platforms into powerhouses generating millions of dollars in revenues. And, it’s not just Bitcoin either, with other altcoins recording immense surges as well. Source: IMF Crypto is “risky” and opens “unwanted doors” The same was the subject of a blog recently published by the IMF (International Monetary Fund). The report observed, “The total market value of all the crypto-assets surpassed $2 trillion as of September 2021—a 10-fold increase since early 2020.