Crypto assets may threaten Asian stability, IMF officials warn

crypto-coins

Growing co-movements between equities and crypto assets increase the chances of default and instability in Asian financial markets, say economists with the International Monetary Fund.

Losses may force investors to reorganise holdings prompting contagion, financial instability and default, Nada Choueiri, Anne-Marie Gulde-Wolf and Tara Iyer write in a blogpost published on August 21. Choueiri is the IMF’s mission chief for India, Gulde-Wolf is a deputy director of its Asia-Pacific Department and

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