by Matthew Russell Lee, Patreon Book Substack
SDNY COURTHOUSE, Dec 13 – When the International Monetary Fund held its embargoed press briefing on September 28, 2023, Inner City Press asked about the IMF and crypto, mere days before the SDNY trial of FTX's Bankman-Fried on fraud charges, see book below.
Now on December 13 in South Korea, IMF Managing Director Kristalina Georgina said, "crypto assets are not going away. Bitcoin is trading at its highest value since April 2022. The crypto market cap doubled over the last year... crypto asset adoption is high especially in emerging market economies like India, Nigeria, and Vietnam... Not all in crypto was tainted by fraud, just like the Wild West was not only about crooks, despite their legendary exploits."
On September 28 Inner City Press asked, "At the G20, Deputy Managing Director Gopinath on crypto-currencies said that 'the good thing is there’s no talk of banning crypto I mean the idea that crypto is tough to ban has kind of gone through...It’s going to be much less of the Wild West with better data and transparency.' Can you explain more, and separate give some/any examples of this better data and transparency?" Video here
Spokesperson Julie Kozack directed Inner City Press to the Fund's recent paper; later in the briefing she cited concerns at El Salvador and Bitcoin. Watch this site.
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