The IMF unexpectedly started supporting cryptocurrencies

Despite the caution about cryptocurrencies, the International Monetary Fund (IMF) notes that digital assets can be an effective alternative to traditional financial products.

In a report published on June 16, the IMF said that some cryptocurrencies and central bank digital currencies (CBDCs) can be a more efficient payment solution than credit and debit cards, especially in the context of energy consumption.

The IMF emphasized that although the future of the financial system is uncertain, policymakers considering the introduction of CBDCs and cryptocurrencies should comprehensively consider the energy factor.

Earlier, IMF representatives have repeatedly called cryptocurrencies a dangerous high-risk asset.