WebsCrypto
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Press Releases
Facebook X (Twitter) LinkedIn Telegram
WebsCryptoWebsCrypto
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Press Releases
Bitcoin (BTC) $26,248.03 0.24%Ethereum (ETH) $1,591.98 0.05%BNB (BNB) $212.40 0.51%XRP (XRP) $0.501343 0.70%Cardano (ADA) $0.245147 0.72%Solana (SOL) $19.06 1.85%Dogecoin (DOGE) $0.060663 0.77%Polkadot (DOT) $4.00 2.05%Shiba Inu (SHIB) $0.000007 0.80%Dai (DAI) $0.999895 0.04%TRON (TRX) $0.085061 0.46%Polygon (MATIC) $0.51021 2.31%Avalanche (AVAX) $9.05 0.44%Uniswap (UNI) $4.30 0.08%Litecoin (LTC) $63.83 1.29%
Crypto Prices
WebsCrypto
Business

IMF Official: The Sell-off in the Crypto Market Has Not Spread to the Real Economy

By WebsCryptoJuly 31, 20221 Min Read
IMF Official: The Sell-off in the Crypto Market Has Not Spread to the Real Economy
Share
Facebook Twitter Telegram LinkedIn Reddit Email

Antonio Garcia Pascual, deputy director of the Global Market Analysis Department of the International Monetary Fund (IMF), said in a guest appearance on Coindesk TV that the sell-off in the crypto market has not really spread to the real economy, and has largely stayed within the crypto ecosystem. The impact on the wider financial system, Pascual said: What you’re seeing is quite a bit of change in riskier assets, including certain stablecoins and tokens in decentralized finance (DeFi).

Cryptocurrencies are expanding particularly rapidly in emerging markets, which are bearing the brunt of a worsening global economy, especially in countries with high debt, rising inflation and currency volatility, Pascual said, although the adoption of cryptocurrencies as legal tender may represent a technological progress and promote financial inclusion, but when these countries experience macro- and financial stability-related shocks, crypto adoption incurs more risks.

Advertisements
DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
DeFi
WebsCrypto
  • Website
  • Facebook
  • X (Twitter)
  • Instagram

WebsCrypto is your best bet for the latest crypto news from around the world.

Recommended Reading

Business September 24, 2023

Crypto Companies Shift Focus Outside the U.S. Amid Regulatory Pressures

Business September 22, 2023

PayPal Brings PYUSD Stablecoin to Venmo

Markets September 17, 2023

DeFi Economic Activity Declines in August

Business September 17, 2023

FTX’s $3.4 Billion Liquidation Plan and Its Impact on the Cryptocurrency Market

Business September 15, 2023

Nasdaq Executive Says Blackrock’s First Bitcoin ETF Eejection Was ‘Purely Procedural,’ Not Final

Business September 15, 2023

Binance.US Faces Growth Challenges Amid Regulatory Concerns and CZ’s Stake

The Latest
Markets September 25, 2023

Bonds Surge in Appeal as Bitcoin and S&P 500 Navigate Third Quarter Downturn

Markets September 25, 2023

NFT Market Faces Significant Decline Amidst Broader Crypto Challenges

Business September 24, 2023

Crypto Companies Shift Focus Outside the U.S. Amid Regulatory Pressures

News September 22, 2023

Robert Kiyosaki: Cryptocurrency is the Future, Fiat Money is on the Decline

Markets September 22, 2023

Federal Reserve Holds Steady on Interest Rates; Bitcoin Maintains Support at $27,000

EDITOR’S CHOICE
Ether (ETH) Prices are Trading at 27% Discount to Fair Value, New Research Shows
Robert Kiyosaki: Cryptocurrency is the Future, Fiat Money is on the Decline
Crypto Companies Shift Focus Outside the U.S. Amid Regulatory Pressures
Bonds Surge in Appeal as Bitcoin and S&P 500 Navigate Third Quarter Downturn
News
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Markets
Information
  • Opinions
  • Guides
  • Press Release
  • Sponsored
Price Indexes
  • Market Cap
  • Bitcoin Price
  • Ethereum Price
  • Cardano Price
  • Solana Price
  • Polkadot Price
  • Polygon Price
Services
  • About Us
  • Contact Us
  • Advertise
  • Privacy Policy
  • Terms of Service
WebsCrypto
X (Twitter) Facebook Telegram LinkedIn RSS
© 2023 WebsCrypto

Type above and press Enter to search. Press Esc to cancel.