International Monetary Fund: Current Crypto Market Crash Will Not Undermine World’s Financial Stability

The IMF believes the fall of the crypto market will not be able to affect the stability of the global financial sector.

According to the agency analysts, the main problem for the global economy is inflation. Leading states are trying to curb the rise in consumer prices and tighten monetary policy.

Assets like Bitcoin have little reliance on the traditional banking system, which is why they are not capable of inflicting a crushing blow on the international economy and do not cause concern among regulators.

The IMF has admitted the collapse of the Terra ecosystem in May and the bankruptcy of the hedge fund Three Arrows Capital undermined stability and provoked turbulence, but only in the crypto sphere, and not at the global level.