IMF Chief Begs Investors Not to Shun All Crypto After the Collapse of LUNA

📣 #IMF Chief Begs Investors Not to Shun All #Crypto After the Collapse of #LUNA

👉 The Managing Director of the #InternationalMonetaryFund (IMF) reportedly said that investors should not completely pull out of crypto after the collapse of LUNA and #UST.

👉 The #IMFchief stressed that it is the responsibility of regulators worldwide to put up protective measures and adequately educate #investors on the risks of #cryptoassets.

👉 She pointed out that there are many different types of crypto assets with varying risk levels, emphasizing that there’s a big difference between stablecoins that are backed by cash and algorithmic #stablecoins, like LUNA.

👉 She further stated that the way the world looks at stablecoins is where issues can arise. If a stablecoin is backed with assets, one to one, it is stable.

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