IMF Report: In the context of global financial instability, Bitcoin has become a necessary financial tool for preserving wealth

ChainCatcher news, according to CryptoSlate, the International Monetary Fund (IMF) recently released a report stating that amidst global financial instability, Bitcoin (BTC) is increasingly becoming a key channel for cross-border capital flows. The report highlights significant transaction volumes from countries like Argentina and Venezuela, where citizens face hyperinflation and strict financial controls. In these regions, Bitcoin has become a necessary financial tool for preserving wealth and accessing global markets, rather than just a speculative investment.

However, the IMF report also warns that the widespread use of Bitcoin for cross-border flows may pose potential risks. The lack of oversight and the anonymity provided by cryptocurrencies could complicate efforts by regulators to monitor and control financial transactions to prevent illegal activities such as money laundering.