Cryptocurrencies can create “new vulnerabilities” in the global financial system. This is stated in the October World Economic Outlook report the International monetary Fund (IMF).
“Violations of cyber security and cyber attacks on critical points of the financial infrastructure represent an additional source of risk, because they can disrupt the functioning of cross-border payment systems and the flow of goods and services”, — the document says.
The report also notes that digital assets will become a threat for the economy if their spread continues at a rapid pace.
The head of the IMF Christine Lagarde said that the rapid evolution of the financial system requires greater vigilance from regulators.
Note, back in may, the IMF expressed a completely different point of view. Then the international monetary Fund said that cryptocurrencies are not a threat to global economic stability.