The IMF paper suggests the U.S. dollar's role as a reserve currency is safe for now, but private digital currencies could come to compete in time.
An IMF official believes central banks need to offer "better" fiat currencies in order to fend off potential competition from cryptocurrencies.
Economist Kenneth Rogoff said Tuesday that he expects bitcoin's price will decrease by 2028.
Christine Lagarde, head of the International Monetary Fund, has stated that international regulatory action on cryptocurrencies is "inevitable."
Cryptocurrencies and their potential for growing use shouldn't be ignored, according to IMF chief Christine Lagarde.