Question: “Global Financial Stability Report” is released recently by which agency?
a) World Bank
b) RBI
c) International Monetary Fund (IMF)
d) None of the above
Ans: c
Context
- In its recent released report titled “Global Financial Stability Report” , IMF has discussed various aspects of Crypto Currency ecosystem in the world.
Related Facts
- As per the report, the rapid growth of the crypto ecosystem presents new opportunities, but pose financial stability challenges.
- According to report, Technological innovation is starting a new era of making payments and other financial services faster, cheaper, more accessible. Such transaction also allows to flow across borders swiftly.
What are Cyptocurrencies?
- Cryptocurrencies are digital or virtual currencies in which encryption techniques are used to regulate the generation of units and verify the transfer of funds, operating independently of a central bank.
By Kameshwar shukla