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IMF fires warning shot across Bitcoin’s bow

“IMF fires warning shot across Bitcoin’s bow” https://www.cityam.com/imf-fires-warning-shot-across-bitcoins-bow/



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6 Comments

  1. Had to dissect “fiscal contingent liabilities”.

    I guess they’re saying that if Bitcoin price remains volatile governments using it can’t be depended upon to pay their debts. Seems like the dinosaur fiat system is banking on that crypto remains volatile. If it becomes stable there will be every reason for people to abandon fiat and jump into it.

  2. *Given XXX’s high price volatility, its use as a legal tender entails significant risk to consumer protection, financial integrity, and financial stability,” the IMF said.*

    Did they just describe lira?

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