Crypto asset transactions hit ‘macro critical levels’ – IMF GFSR

Tobias Adrian
Tobias Adrian
Photo: John Harrington

The volume of transactions in highly volatile crypto assets has reached “macro-critical levels" in "some emerging markets”, with volumes “often as high as those of domestic equities”, according to the International Monetary Fund’s latest Global Financial Stability Report (GFSR), released today.

The IMF’s financial counsellor Tobias Adrian, who is responsible for the report, tells Central Banking that crypto asset valuations have ballooned to levels where they are “already systemic” in “many

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