Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
The International Monetary Fund (IMF) warns that the widespread and rapid adoption of cryptocurrencies reduces the ability of central banks to effectively implement monetary policy and causes financial instability.
A blog post by IMF authored by three financial experts titled “Crypto boom poses new challenges to financial stability,” noted that many entities in the ecosystem “lack strong operational, governance, and risk practices.” These include exchanges, wallets, miners, and stablecoin issuers.
The authors, Dimitris Drakopoulos, Fabio Natalucci, and Evan Papageorgiou, emphasized that consumer protection risks remain substantial as there is limited or inadequate disclosure and oversight.
They warned that when residents start using crypto assets instead of the local currency, the ability of central banks to effectively implement monetary policy is reduced and creates financial stability risks.
They added that threats to fiscal policy could intensify as crypto assets could facilitate tax evasion and capital outflows that impact the foreign exchange market.
Seigniorage, the profits accruing from the right to issue currency, may decline.
The authors also said that policymakers should enhance cross-border coordination to minimize the risks of regulatory arbitrage and ensure effective supervision and enforcement.
The total market value of all the crypto assets surpassed $2 trillion as of September 2021 — a 10-fold increase since early 2020.
