Скачать или смотреть IMF Outlines Need for Global Approach to Crypto Regulation

The International Monetary Fund (IMF), the financial institution focused on maintaining worldwide financial stability, has outlined its proposal for establishing a global regulatory framework for crypto.The IMF called for a “comprehensive, consistent and coordinated” approach in order to harness the benefits of crypto’s underlying technology while mitigating some of its risks, in a blog published on Thursday.This will prove a “daunting task,” the IMF said. “But if we start now, we can achieve the policy goal of maintaining financial stability while benefiting from the benefits that the underlying technological innovations bring.”According to the IMF, regulating crypto at a global level should have three core elements:Last month, the IMF warned of the increasing use of crypto in the developing world – something it referred to as “cryptoization” – which could destabilize economies and hamper central banks’ monetary policy.Read more: BIS Experiment Finds CBDCs to Be Effective in Cross-Border Settlements