Flexibility of cryptocurrency is a key to an ideal monetary system, the International Monetary Fund said.

    The IMF, the world's largest financial institution, has issued a statement saying that many governments around the world see cryptocurrency as beneficial to both the financial system and customers.

    In turn, the Bank for International Settlements said in June this year that cryptocurrencies have advantages that traditional financial systems do not. The first and foremost are openness and adaptability. 

    Interestingly, BIS sees the difficulties to masadoption as congestion in the DeFi sector and reliance on unstable cryptocurrencies. But overall tokenomics will benefit businesses and customers.