Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution 
FxWirePro- Major Crypto levels and bias summary 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
The International Monetary Fund (IMF) warns that the widespread and rapid adoption of cryptocurrencies reduces the ability of central banks to effectively implement monetary policy and causes financial instability.
A blog post by IMF authored by three financial experts titled “Crypto boom poses new challenges to financial stability,” noted that many entities in the ecosystem “lack strong operational, governance, and risk practices.” These include exchanges, wallets, miners, and stablecoin issuers.
The authors, Dimitris Drakopoulos, Fabio Natalucci, and Evan Papageorgiou, emphasized that consumer protection risks remain substantial as there is limited or inadequate disclosure and oversight.
They warned that when residents start using crypto assets instead of the local currency, the ability of central banks to effectively implement monetary policy is reduced and creates financial stability risks.
They added that threats to fiscal policy could intensify as crypto assets could facilitate tax evasion and capital outflows that impact the foreign exchange market.
Seigniorage, the profits accruing from the right to issue currency, may decline.
The authors also said that policymakers should enhance cross-border coordination to minimize the risks of regulatory arbitrage and ensure effective supervision and enforcement.
The total market value of all the crypto assets surpassed $2 trillion as of September 2021 — a 10-fold increase since early 2020.
