Bitcoin could counter the IMF’s proposed negative interest rates66

In a February blog post, economists from the IMF proposed a policy that taxes bank deposits instead of allowing them to accumulate interest. The crypto community reacted accordingly, seeing this as a possible incentive for people to move away from central banks and instead put their money into bitcoin.

While the IMF has recognized the potential cryptocurrencies have, it never really provided explicit support for any digital asset. Loyal to the traditional concept of central banks and fiat currencies, the International Monetary Fund has been tasked with finding a way to fight potential recessions.

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