IMF report: Bitcoin has become a necessary financial tool for preserving wealth in the context of global financial instability

According to CryptoSlate, the International Monetary Fund (IMF) recently released a report stating that Bitcoin (BTC) is increasingly becoming a key channel for cross-border fund flows in the context of global financial instability. The report highlights the large trading volumes from countries such as Argentina and Venezuela, where citizens face malignant inflation and strict financial controls. In these regions, Bitcoin has become a necessary financial tool for preserving wealth and entering the global market, not just for speculative investment.However, the IMF report also warns that the widespread use of Bitcoin for cross-border flows may bring potential risks. The lack of supervision and anonymity provided by cryptocurrencies may make it difficult for regulatory agencies to monitor and control financial transactions to prevent illegal activities such as money laundering.