IMF Financial Stability Report Highlights Crypto

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 20 April 2022

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, Arculus and FTX US. On today’s episode, NLW looks at the latest Financial Stability report from the International Monetary Fund. The report looks at how the war in Ukraine is impacting financial stability. NLW argues that it sends mixed messages on crypto – arguing that the war highlights a set of new risks arising from cryptocurrencies while also recognizing that the prognostications of sanctions evasion haven’t come to pass. - From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now. - Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022. - Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW -- “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Al Drago/Bloomberg via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.1	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:15.0	The breakdown is sponsored by nexo.io, Arculus, and FtX, and produced and distributed by CoinDesk.
0:22.7	What's going on, guys? It is Tuesday, April 19th, and today we are talking about the IMF's
0:28.4	latest financial stability report, and specifically, it's kind of extensive comments about
0:34.7	the crypto and digital asset space. Before we dig in, however, a few
0:39.0	housekeeping items. There are two ways to enjoy the breakdown. You can listen to the breakdown on
0:44.9	the CoinDesk Crypto Podcast Network feed, which features both the breakdown but also other shows.
0:50.5	You can also listen on the breakdown only feed, which, as you might imagine, has just the breakdown.
0:56.6	Both come out on the same day with Coindesk's feed coming out in the afternoon
1:00.1	and the breakdown-only version of the show coming out in the evening.
1:04.1	Whichever feed you listen to, if you are enjoying the show, please go subscribe,
1:08.1	give it a rating, give it a review, and if you want to dig deeper into the
1:11.7	conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to
1:16.6	bit.ly slash breakdown pod. Finally, a disclosure as always, in addition to being a sponsor of the
1:23.7	show, I also work with FTX. So today we're going to touch on a couple of different
1:29.1	topics, but first we're going to go to this title story of the International Monetary Funds
1:34.8	just released report called Shockwaves from the War in Ukraine test the financial
1:39.8	system's resilience. The subheader is financial stability risks have risen as war tests the
1:46.0	resilience of the financial system through various channels. Now, this is a really important topic,
1:52.2	right? We live in a highly globally interconnected economy, and such a big disruption has ramifications
1:58.3	for the resilience of the system. In fact, in a lot of ways,
	...

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