IMF acknowledges cryptocurrencies becoming more mainstream and calls for a global response toward regulation

The International Monetary Fund (IMF) has acknowledged that crypto assets have gained a more mainstream presence as hedges against weak currencies, speculative investments, and payment instruments. With the increasing adoption of digital currencies, the agency is calling for a coordinated global response that is consistent and comprehensive from various regulators. This was revealed in an IMF report titled Regulating Crypto: The right rules could provide a safe space for innovation publish in the September issue of its Finance Development magazine, reported. Aditya Narain, the...


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