Crypto assets are quite volatile, they can hardly be deployed as money, and the International Monetary Fund (IMF) advises against adopting them as money, said Kristalina Georgiev, a Bulgarian economist and chairwoman and managing director of IMF at a high-level panel discussion on “Money at a Crossroad”. At the same event, Finance Minister Nirmala Sitharaman said that the most significant risks that cryptocurrencies pose are money laundering and terror financing.