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This currency can displace the reserve currencies used by the Fund.
The IMF has already begun to explore the possibilities of creating its own cryptocurrency with external consultants. Lagarde commented that replacing current reserve currencies with cryptocurrency is not such a far-fetched opportunity.
The IMF cryptocurrency may seriously endanger the domination of major reserve currencies, market forecasters predict.
According to experts, the creation of such a cryptocurrency could be backed by countries like China who would like to reduce the impact of the US currency as a reserve one.
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