Well Functioning Government Might Make Private Cryptos Obsolete – IMF Official

Source: iStock/Bet_Noire
If a sovereign government can maintain its creditworthiness and a central bank can guarantee effectiveness of its monetary policy, “it’s hard to imagine private digital currencies being used widely both within China and abroad,” according to Dong He, Deputy Director of the Monetary and Capital Markets Department of the International Monetary Fund (IMF).
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