On October 2, the International Monetary Fund (IMF) proposed a national crypto asset risk assessment matrix in a working paper that aims to summarize the vulnerabilities and potential policy responses of the crypto industry. It is understood that the IMF released a working paper entitled Assessing the Macro-Financial Risks of Crypto Assets on September 29. In the document, Burcu Hacibedel and Hector Perez-Saiz proposed a cryptocurrency risk assessment matrix (C-RAM) for countries to discover indicators and triggers of potential risks in the industry. The matrix also aims to summarize the potential responses of regulators to the risks they may identify. The matrix includes a three-step process. The first step involves using a decision tree to assess the macro importance of cryptocurrencies or their potential to affect the macroeconomy. The second step involves looking at indicators comparable to those used to monitor the traditional financial sector. The last step covers global macro-financial risks that affect systemic risk assessments in various countries.
