Tag: IMF Publication: Regulating the Crypto Ecosystem – The Case of Unbacked Crypto Assets

The ongoing evolution in the crypto ecosystem is revealing both opportunities and pitfalls. Crypto assets were originally developed to democratize payments but are mostly used for speculation and, in the case of certain types of dollar-denominated stablecoins, also as a hedge against inflation and currency depreciation. Unbacked crypto assets are the oldest and most popular […]