Crypto is Very Popular in Corrupt Countries, IMF Warns

Published by
The Street

By Veronika Bondarenko “Residents of countries where the traditional financial sector is well developed may be less likely to feel the need for crypto,” reads a new IMF report. There’s a reason so many of those “invest in the token that’s going to revolutionize the X industry” scams often come from countries with shaky governance systems. According to a new International Money Fund (IMF) report, cryptocurrency is much more popular in countries with insecure currencies and corrupt governments. With the global cryptocurrency market expected to reach $2.2 billion by 2026, many governments are urg…

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