The CEO of Input Output Global and founder of the Cardano Foundation, Charles Hoskinson, has taken to Twitter to comment on the recent warning by the International Monetary Fund against adoption of cryptocurrencies by emerging markets.
On Oct. 1, Reuters news agency reported that the IMF warned that “cryptoization” of emerging countries can, in the future, undermine capital controls and, in the short term, upset financial stability in those regions.
Apparently, the regulator issued the warning while responding to the adoption of Bitcoin by El Salvador, and other countries in Latin America considering following in its footsteps. Besides, according to the data provided by Chainlink, crypto adoption is gaining steam in such countries as India (despite the crypto ban), Pakistan and Vietnam.
