IMF Warning to Asia: Crypto Correlation Could Trigger Crisis

The International Monetary Fund (IMF) stated that the cryptocurrency market is becoming more and more correlated with Asian stock markets, making Asian economies more vulnerable to crypto crises.

IMF August 21 In the post he made on his official blog account on , the post-pandemic digital asset market is more closely aligned with Asian economies. correlated reported that it has become According to the IMF, such a high correlation high contagion Asia against a second crypto crisis, stating that it will include warned.

The total market value we are currently in 3 trillion from dollars 1 trillion The reason why the great crisis, which dropped the dollar to the dollar, did not affect the traditional financial markets, crypto markets have not yet isolated The IMF said that until the next crisis, the crypto markets were so isolated. won’t stay expressed.

Especially India, Vietnam and Thailand Compared to the pre-pandemic period, the stock markets of countries such as 30 floors Despite the increasing correlation, the IMF will immediately move Asian countries to cryptocurrencies. regulations completions warned about.

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