Is the IMF finally embracing cryptocurrencies?

By Darren Parkin The International Monetary Fund (IMF) finally seems to be seeing sense on crypto and realising it is already becoming a major force in the global financial system and is the future of finance. The Washington-based UN agency has admitted this week that in recent years crypto assets have gone from being “niche products” to having more of a mainstream influence. In a new report, officials noted that crypto assets have decisively shifted away from being assets without much impact to the wider public to ones used for investments, hedges against weak currencies, and as payment instr…