Forbes: Central banks around the world are increasing their research efforts on Bitcoin

ChainCatcher news, according to Forbes, recent research shows that major financial institutions, including the Federal Reserve Bank of Minneapolis, the European Central Bank (ECB), and the International Monetary Fund (IMF), are intensifying their research on Bitcoin. These institutions are generally concerned about the potential impact of Bitcoin on traditional monetary policy.

The latest research released by the ECB when Bitcoin's price approached $70,000 indicates that the rise in Bitcoin's price could lead to a wealth redistribution effect, benefiting early holders while reducing the purchasing power of other social groups. The Minneapolis Fed warns that the existence of Bitcoin may affect the government's ability to sustain budget deficits.

The IMF's policy document in 2023 specifically emphasizes that crypto assets could undermine the effectiveness of monetary policy in emerging markets. The IMF suggests that while countries should strengthen regulation, they should focus on enhancing the credibility of their monetary policy frameworks rather than implementing a comprehensive ban. These studies indicate that central banks are reassessing the challenges posed by Bitcoin to the traditional financial system.