IMF Warns Stablecoin Adoption Must Not Undermine Fiscal Discipline

The International Monetary Fund cautioned that widespread use of dollar-backed stablecoins could weaken monetary and fiscal controls in emerging markets, urging regulators to maintain strict oversight amid rising global debt.

1 Sept, 06:32 — 1 Sept, 06:32

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vanguard-ngMixed11h ago

IMF warns stablecoins cannot replace fiscal discipline as global debt risks mount

By Peter Egwuatu The International Monetary Fund (IMF) has warned that the growing adoption of dollar-backed stablecoins must not be allowed to weaken fiscal and monetary discipline in countries whose currencies and assets underpin the digital tokens. According to a statement released by the IMF, its Managing Director, KristalinaGeorgieva, who spoke at the Jackson Hole […] The post IMF warns stablecoins cannot replace fiscal discipline as global debt risks mount appeared first on Vanguard News.

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IMF Warns Stablecoin Adoption Must Not Undermine Fiscal Discipline

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IMF warns stablecoins cannot replace fiscal discipline as global debt risks mount

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