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IMF recommends CBDC and global crypto standards for financial stability By Cointelegraph

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International Monetary Fund released an actionable set of policies to help emerging markets and developing nations in order to protect financial stability during global crypto adoption.

IMF believe crypto assets have the potential to be used for cross-border payments that are quicker and cheaper. They cite the drastic increase in value of crypto markets. The bearish trend starting in May 2021 The ReportAs the main drivers of crypto adoption, they attribute high returns, low transaction costs and speed to lower Anti-Money Laundering standards.