Crypto is Very Popular in Corrupt Countries, IMF Warns

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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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