A new survey from the International Monetary Fund (IMF) finds that people in countries like Hong Kong, Singapore, and the United Kingdom are increasingly interested in Bitcoin.
In addition to the survey, the bank published a new report that analyzes Bitcoin’s future, which finds the currency is poised to play an important role in emerging markets.
“It’s not the first time that Bitcoin has become the dominant digital currency, but it is the first to enter the emerging markets,” IMF chief economist Benjamin Tal said in a statement.
“It has been a long time coming, and it’s finally here.
People are starting to use Bitcoin in many places around the world.”
The report highlights that the global economy will need to diversify as the technology and regulation surrounding the currency continues to evolve.
In addition to Hong Kong and Singapore, the survey finds that Bitcoin is gaining traction in countries that have not yet seen the global financial crisis, including Brazil, India, and Turkey.
It is also gaining traction overseas, where it is now the second most traded currency in the world after the U.S. dollar.
“China has the most important role to play, with a strong and growing economy and rapidly growing Bitcoin market,” Tal said.
“But China also needs to make sure it is prepared for the transition.
In the future, China’s influence on the Bitcoin economy is likely to grow as the value of the currency increases.”
The IMF also said that Bitcoin’s growing use has spurred a surge in new digital currencies, such as Litecoin and Dash.
The fund said that the growth of these new digital tokens is likely the main reason that more people are adopting the currency as a store of value.
According to the report, more people now have access to Bitcoin and the global currency’s use is accelerating, with people in the U: U.K., Germany, the U., Russia, and Brazil having been active users.
The global economy is “now more fragmented than ever before, and Bitcoin is a new and dynamic alternative to traditional financial institutions,” the report says.
The report is based on interviews with 3,000 people in 50 countries over the past year.
It does not include digital currency trading in the United States, which is not yet regulated.