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Do central banks have reason to be afraid of Bitcoin or ‘cryptoization’
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ambcrypto.comOver the past few years, the general public (or investors per se) are getting more and more familiar with the idea of cryptocurrencies. The financial stigma surrounding Bitcoin and Ethereum is slowly being cleared out but central banks and various economists continue to uphold their views against the idea of digital assets.
However, these central institutions might be worried about something beyond investments at the moment, as the focus might be shifting more towards the currency-esque nature of digital tokens.
According to the recent Global Financial Stability Report from International Monetary Fund, stablecoins were mentioned more than a 100 times, whereas Bitcoin and Ethereum were limited to 31 and 7 respective mentions.
From the report,
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