International Monetary Fund: cryptocurrency does not currently pose a risk to financial stability

The latest annual report of the International Monetary Fund (IMF) said that cryptocurrencies will not pose a threat to global economic stability, or at least not yet. The report explains that although crypto assets “substantially appreciated” during 2017 and 2018, their total market capitalization is less than 3% of the total market capitalization of the world's four largest banks. In addition, the International Monetary Fund calculated that in the past three years, investors have earned more money from FANG stocks (Facebook, Amazon, Netflix, Google) than encrypted assets.