Lol, on the contrary this article or blog just wanted to bring bad light to crypto itself.
I mean governments now have their own CBCD to counter this isn't it? So this argument is weak from the beginning and as I have said this is pure FUD. People are smart, if they see the both their local fiat and crypto has it's own advantages they why used both regardless if it is a developing country or not. And regardless of the IMF stance, we should understand where this guy is coming from. I mean they lend nations money, it's their business so they need to attack crypto as some point because they may think it is a threat for them specially from developing nations because that's where the bulk of their money is going.
I mean governments now have their own CBCD to counter this isn't it? So this argument is weak from the beginning and as I have said this is pure FUD. People are smart, if they see the both their local fiat and crypto has it's own advantages they why used both regardless if it is a developing country or not. And regardless of the IMF stance, we should understand where this guy is coming from. I mean they lend nations money, it's their business so they need to attack crypto as some point because they may think it is a threat for them specially from developing nations because that's where the bulk of their money is going.
So that means there is a political and sentimental game is playing to prevent mass crypto adoption of crypto by these big players? Many big companies are involved with crypto and many are coming in. So this kind of fud will not a valid in the future. Youngs is aggressively coming in crypto so e-currency will be the main currency and paper cash will be removed. That means the world is leading towards a truly decentralized economy and that makes sense why IMF is worried about it.
