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The IMF simply hates the fact that crypto payments are taking off

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@badbitch
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It's no news that the majority of these regulatory bodies do not like crypto assets or any of it's associated products or services, I mean, what else would make Judges decide that freaking fuckin emojis count as financial advice? Tell me a better joke, I'll wait. If not all of the existing regulatory bodies, this hate within most of them has driven them to say or voice opinions on things that rather counters what roles a nation willing to experience economic growth through technology advancements should undertake.

In the face of innovations and advancements, so many systems fail to adapt, in business this has proven to be disastrous, in economics, the same and even within the governmental bodies, but it's always better to sit on the old rock provided you still control the most powerful thing in the world right? Money is power, and crypto is about to take that away from them and they are fuckin scared.

In the past, we saw the IMF go up against Bitcoin and El Salvador, the fight has not ended still even with El Salvador proving the media wrong about their claims that it's bitcoin investment would wreck the nation. Well, you could say it ain't over but that's what anyone with the lack of knowledge of the dynamics of crypto assets and how there's always more room to grow just as there's room to fall like it's dead - temporarily.

The executive board of the International Monetary Fund (IMF) has provided guidance for member countries to develop effective crypto policies. The board stressed the need to develop comprehensive crypto regulations to “better mitigate the risks posed by crypto assets while also harnessing the potential benefits of the technological innovation.”

The thing about guidelines and opinions from the hell pit is that they are often packaged to look like great tidings for you and your kids but in reality are really just coated weapons for forcing systems that would otherwise have a greater impact for good on the participants to the ground.

Crypto happens to be one of these systems and this is particularly why the IMF hates it and now, guidelines that may restrict the adoption of "crypto payments" is what the regulatory body is proposing.

If you've been following up closely, you'd, by now be aware that the IMF says Bitcoin shouldn't be a legal tender, this is still what is being pushed, but with focus generally placed on "crypto" as an emerging financial network.

Directors generally agreed that crypto assets should not be granted official currency or legal tender status in order to safeguard monetary sovereignty and stability.src

I'll just have to say this again, crypto assets do not need to be stable to prove anything, we have stablecoins that fill this gap and they do it pretty well, assets are exposed to the laws of demand and supply, thus, will always swing in whichever direction majority of the market participants decide.

The problem here is that crypto payments makes it difficult for the traditional system to function properly with its centralized system of governance, in a much recent news the IMF says banning should be considered, so I guess we should expect some more "China-like" nations to emerge and watch them drive away value.

Everything about crypto literally shows how it fits perfectly for what should rebuild the financial system. What's the value of broad liquidity when this same market is controlled by policies created by a man or rather few men who care about nothing and only know economics in the books?

Fine, theory works, no need to look to the field to see the practical effects of their enforcements. The IMF needs to get busy watering a flower or something as I'm rather on the line that crypto makes them largely irrelevant and that must really hit home.

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