Bitcoin price surge WARNING as ‘RAPID GROWTH’ could cause CHAOS in global system
THE BITCOIN (BTC) and Blockchain boom facilitating the “rapid growth” of cryptocurrency assets could create “new vulnerabilities in the international financial system,” the International Monetary Fund (IMF) has cautioned.
The recent explosion of interest in crypto assets and the relentless surge in BTC’s value may contribute to a weakened global financial system overall, the IMF has suggested.
The Fund published a key report today, October 10, entitled the World Economic Outlook.
It said: “Cybersecurity breaches and cyber attacks on critical financial infrastructure represent an additional source of risk because they could undermine cross-border payment systems and disrupt the flow of goods and services.
“Continued rapid growth of crypto assets could create new vulnerabilities in the international financial system.”...Read More….