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22.12 - 20:43
IMF Chief Economist stresses on ‘need for global policy’ on crypto regulation
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The cryptocurrency boom witnessed in the last couple of years has sprung many countries into action over regulating the digital industry. Naturally, their regulatory approaches have varied based on factors relating to their individual economies. The International Monetary Fund, however, is firming its insistence on adopting a global regulatory framework instead.
IMF’s chief economist Gita Gopinath recently pitched for a global policy framework for the digital assets industry. Thus, noting that “no individual country can solve this problem on their own” due to the ease with which cryptocurrencies can be transacted offshore. “There is a need for a global policy on it urgently,” she added.
The economist, while addressing an event organized by
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