IMF prefers to regulate crypto than banning it outright: Report
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Loading... - Angelina Hanser
- 27 Feb 2023
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The International Monetary Fund would prefer to differentiate and regulate crypto assets rather than enforce an outright ban, though the nuclear option will remain on the table for now.
Speaking on the sidelines of the G20 finance ministers meetings in Bengaluru, India, IMF Managing Director Kristalina Georgieva explained how the United Nations financial agency views digital assets and what it would like to see in terms of regulation.
“We are very much in favor of regulating the world of digital money,” and this is a top priority, she stated.
During an interview with Bloomberg published on Feb. 27, she responded to a question on her recent comments about a potential complete ban on cryptocurrencies. She said there was still much confusion around the classification of digital money. Read More..
