International Monetary Fund published the report “Cryptocurrency, Corruption and Capital Controls: Correlations Between Countries” showing the different case use of crypto.
According to the report, IMF believes that oversight of digital assets is too weak in countries with total financial controls.
Cryptocurrencies are becoming more popular in countries that are considered corrupt or have strict controls on the movement of money, according to the International Monetary Fund.
The IMF published the report “Cryptocurrency, Corruption and Capital Controls: Correlations Between Countries,” which states that people in countries with higher levels of corruption and strict financial regulation are more likely to use cryptocurrencies:
We found that the use of crypto assets is significantly associated with higher levels of corruption and stricter capital controls.
IMF experts surveyed 110,000 residents in 55 countries. The authors of the report list the factors that explain why Bitcoi
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