“We are seeing some pretty rapid growth of uptake of crypto in some emerging markets. In terms of currency substitution, [those] risks are rising. ” Gita Gopinath (Chief Economist, IMF) The idea of including cryptocurrencies like bitcoin among a nation’s reserve assets as a complement or alternative to traditional holdings like foreign currencies and gold is gaining renewed interest in some quarters. Former Thai Prime Minister Thaksin Shinawatra has advocated for Thailand's financial institutions to adopt a more digital approach, including permitting the trading of stablecoins or asset-backed digital tokens....