Finally, our assessment highlights a continuing need for future research to understand the dynamics of global crypto flows. Our analysis indicates that policy measures de- signed to dampen traditional financial flows may have limited impact on constraining cross-border crypto activity. Yet, as cryptoassets become more integrated with main- stream finance, understanding the systemic risks and potential contagion effects between these markets will be essential for policymakers and market participants alike. At the same time, the socio-economic implications of increased crypto adoption, particularly in emerging market and developing countries, warrant a deeper examination. This includes assessing the impact on financial inclusion and economic stability, and the potential for cryptoassets to serve as a hedge against local currency volatility and weakness.
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