Moody’s Releases Cryptocurrency Report: Issues Warning Credit rating age...

Moody’s Releases Cryptocurrency Report: Issues Warning

Credit rating agency Moody's announced in its report that cryptocurrency adoption in developing countries could put monetary policy sovereignty and financial resilience at risk. The report noted that this risk increases as cryptocurrencies go beyond being just an investment tool and are now being used for savings and money transfers. Moody's argued that the proliferation of dollar-denominated stablecoins, in particular, and the increasing use of pricing and payments in currencies other than l...

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