Summary
[The President of the IMF said that Europe can avoid debt crises and it is difficult to treat crypto assets such as Bitcoin as currency]International Monetary Fund (IMF) President Georgieva gave a remote speech at an event held by Bocconi University in Italy She said that she believes that the digital currency supported by the central bank is the most reliable form of digital currency, and it is difficult to regard Bitcoin and other encrypted assets as currency.
internationalityMonetary FundOrganization (IMF) President Georgieva said on Tuesday that despite the rise in debt levels caused by the new crown epidemic, the medium-term fiscal consolidation and growth will allow Europe to solidify its foundation and avoid another sovereign debt crisis.
Georgieva said in a remote speech at an event organized by Bocconi University in Italy that she thinks the figures supported by the central bankcurrencyIt is the most reliable form of digital currency, and it is difficult to treat Bitcoin and other encrypted assets as currency.
She said that “de facto assets” like Bitcoin do not have the asset backing to keep their value stable and may rise and fall. She added, “Throughout the history of currencies, it is difficult to regard them as currencies. “
(Article Source: Interface News)
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