នាយកគ្រប់គ្រង IMF និយាយថា វិនិយោគិនមិនគួរបោះបង់ចោល Crypto ដោយសារតែការដួលរលំរបស់ Terra

According to Kristalina Georgieva – the Managing Director of the International Monetary Fund (IMF) – the recent fiasco with LUNA and UST should not become a reason for people to turn their backs on the cryptocurrency industry entirely. Unlike her previous statements, she praised the “faster service, much lower costs, and more inclusion” that the asset class provides.

Not all Digital Assets are the Same

Terra’s native token – LUNA – and its algorithmic stablecoin – UST – were undoubtedly the hottest topics in the crypto space this month. The former គាំង។ to almost zero, while the latter lost its peg to the US dollar and is currently trading at about $0.06.

The event, combined with the significant price collapse of many other digital assets, caused a state of panic among investors.

However, the Bulgarian economist and Managing Director of the IMF – Kristalina Georgieva – បានប្រកែក that people should not view Terra’s crash as a reason to abandon the entire crypto sector. In her view, there are numerous blockchain projects that provide certain benefits, and people should not compare them to the fiasco with LUNA and UST:

“ខ្ញុំសូមអង្វរអ្នកកុំឱ្យដកខ្លួនចេញពីសារៈសំខាន់នៃពិភពលោកនេះ។ វាផ្តល់ឱ្យយើងនូវសេវាកម្មលឿនជាងមុន ការចំណាយកាន់តែទាប និងការរួមបញ្ចូលកាន់តែច្រើន ប៉ុន្តែប្រសិនបើយើងញែកផ្លែប៉ោមចេញពីក្រូច និងចេក។

Georgieva added that stablecoins backed by cash or other assets are a less risky investment option than those that rely on algorithms to maintain their valuation (like UST):

"ការ​មាន​ការ​គាំទ្រ​កាន់​តែ​តិច អ្នក​គួរ​តែ​ត្រៀម​ខ្លួន​កាន់​តែ​ច្រើន​ក្នុង​ការ​ប្រថុយ​នឹង​រឿង​នេះ​ដែល​ផ្ទុះ​ឡើង​លើ​មុខ​អ្នក។"

Earlier this year, she was not so kind to the cryptocurrency industry, អះអាង digital assets are “unbacked” and “inherently volatile.” On the other hand, she praised CBDCs as safer and cheaper financial products that could support the financial system while also reducing transaction costs.

Speaking alongside IMF’s executive was also the governor of Banque de France – Francois Villeroy de Galhau. He believes society has lost some of its faith in cryptocurrencies and decentralized finance (DeFi) due to the market crash while putting more trust in central banks.

The IMF and Bitcoin

It is worth noting that the primary cryptocurrency has received a severe backlash over the past few months from the IMF. At the beginning of the year, the entity described BTC as a threat to the financial market integrity, monetary stability, and consumer protection. As such, it ជំរុញ El Salvador to remove the legal tender on the asset.

True to his style, the President of the country – Nayib Bukele – អះអាង that “no international organization is going to make us do anything, anything at all.”

Last month, the Central African Republic (CAR) បានក្លាយជា the second nation to adopt bitcoin as an official means of payment. Unsurprisingly, the IMF រិះគន់ the move, arguing it might cause financial instability and further problems for the state.

Featured Image Courtesy of Euroactiv