The rapid rise of crypto assets is posing new challenges to financial stability. (iStock by Getty Images/ marchmeena29)
The crypto ecosystem is growing fast because there are a number of potential benefits to adopting crypto assets, like making payments and financial services cheaper, faster and accessible to more people. But the rapid growth and increasing adoption of crypto assets are posing new challenges to financial stability. Analysis in the latest Global Financial Stability Report takes a deep dive into the world of crypto and calls for a global push to regulate crypto assets. IMF Financial Counsellor, Tobias Adrian, headed the research and in this podcast, he says a regulatory approach with common standards across countries will make crypto assets safer and protect investors. Transcript
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International Monetary Fund
Bruce Edwards produces the IMF podcast program. He's an award-winning audio producer and journalist who's covered armed conflicts, social unrest, and natural disasters from all corners of the world. He believes economists have an important role in solving the world's problems and aspires to showcase their research in every IMF podcast.
Rhoda Metcalfe is an independent journalist and audio producer. Her reporting on the armed conflict in Colombia in the late 90s, as well as her work in Egypt, Turkey and South Africa has won several awards. She now produces podcasts and radio features from Washington DC and is a regular contributor to the IMF Podcast program.