01.11.22
Crypto Can No Longer Hedge Your Investments: IMF
by: Bjarke Smith-Meyer
The values of cryptocurrencies are moving more in lockstep with market swings in the stock market and therefore serve as a poor hedge for investment portfolios, according to research unveiled Tuesday by the International Monetary Fund (IMF). This growing correlation gives even more reason to develop a global framework for regulating and supervising crypto assets to prevent financial instability, according to the researchers. “Clear requirements” are especially needed for financial companies that hold crypto assets, they said.
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