The International Monetary Fund says cryptos can pose challenges to global market conditions and recommends against using them to replace a national currency. Tobias Adrian, Financial Counsellor and Director of Monetary and Capital Markets at the IMF, joins Yahoo Finance's Adam Shapiro and Jennifer Schonbergerto discuss.
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Francisco Gimeno - BC Analyst The headline is very enlightening. In fact, we don't believe Satoshi though at any time that BTC would replace or substitute any national currency. BTC has its own role as the first disruptor and spearhead of the financial change of the 4th IR. What will be the future of the national currencies? The 4th IR is about decentralisation, and governments hate (sometimes pithing reason) to lose the control as they think this mean lose control of national economy with bad consequences. What they don't realise yet is that we need new ideas, new ways and that the near future is very different from what we live now, so even States will change the way the see economy and finances. Bitcoin will be there. But also other crypto which can be used by anyone anywhere, over any border and State control. And that, that, can't be stopped without switching off the Web. A real Brave New World in front of us.