{"id":85256,"date":"2023-10-02T19:47:47","date_gmt":"2023-10-02T16:47:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=85256"},"modified":"2025-09-12T22:11:02","modified_gmt":"2025-09-12T19:11:02","slug":"imf-proposes-a-methodology-for-assessing-crypto-related-risks","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/imf-proposes-a-methodology-for-assessing-crypto-related-risks\/","title":{"rendered":"IMF proposes a methodology for assessing crypto-related risks"},"content":{"rendered":"<p><span data-descr=\"International Monetary Fund\" class=\"old_tooltip\">IMF<\/span> in <a href=\"https:\/\/www.imf.org\/en\/Publications\/WP\/Issues\/2023\/09\/30\/Assessing-Macrofinancial-Risks-from-Crypto-Assets-539473\">working paper<\/a> presented an analysis of vulnerabilities and potential supervisory responses for the digital-asset sector. <\/p>\n<p>In the document, experts proposed a crypto-risk assessment matrix (C-RAM) to identify indicators and triggers of potential threats in the industry. The instrument is also intended to generalize possible regulator responses to the identified problems.<\/p>\n<p>The matrix envisages a three-stage approach:<\/p>\n<ul class=\"wp-block-list\">\n<li>The first step involves using a decision tree to assess the potential macroeconomic impact;<\/li>\n<li>The next step involves studying indicators comparable to those used to monitor TradFi;<\/li>\n<li>The last step covers global macrofinancial risks that influence the assessment of systemic threats.<\/li>\n<\/ul>\n<p>As an example, the authors applied the C-RAM to El Salvador. They concluded that <a href=\"https:\/\/forklog.com\/en\/news\/el-salvadors-parliament-approves-law-to-issue-bitcoin-bonds\"> the legalization of Bitcoin<\/a> created market risks, liquidity risks and regulatory risks.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThe impact can be assessed as critical, since the decision has entailed a threat of substantial &#8216;cryptoisation&#8217; in the country, undermining financial stability and affecting large money transfers and other capital inflows,\u201d<\/em> \u2014 the document says.<\/p>\n<\/blockquote>\n<p>Earlier, IMF staff acknowledged that the risks of Bitcoin legalization in El Salvador <a href=\"https:\/\/forklog.com\/en\/news\/imf-risks-of-bitcoin-legalisation-in-el-salvador-have-not-materialised\"> \u201cdid not materialize\u201d<\/a> due to the \u201climited\u201d spread of digital assets. IMF staff have repeatedly criticised <a href=\"https:\/\/forklog.com\/en\/news\/imf-urges-el-salvador-to-drop-bitcoin-as-legal-tender\"> the authorities\u2019 decision.<\/p>\n<p>In September, G20 member countries <a href=\"https:\/\/forklog.com\/en\/news\/g20-backs-fsb-and-imf-recommendations-on-crypto-asset-regulation\"> approved<\/a> recommendations by the Financial Stability Board and the IMF on the regulation, supervision and oversight of cryptocurrencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IMF, in a working paper, presented an analysis of vulnerabilities and potential supervisory responses for the digital-asset sector.<\/p>\n","protected":false},"author":1,"featured_media":85257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[204,36],"class_list":["post-85256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-imf","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=85256"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85256\/revisions"}],"predecessor-version":[{"id":85258,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85256\/revisions\/85258"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/85257"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=85256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=85256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=85256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}