We Need a Lot More Work Done on Crypto Regulation

The International Monetary Fund (IMF) says more needs to be done to regulate crypto. Deputy Managing Director of the IMF Before this war we have certainly seen an increase in the use of cryptocurrency and we have seen it happen more in emerging markets than in others.

The top two leaders of the International Monetary Fund (IMF) discussed crypto control in a Foreign Policy Live podcast published last week. IMF Managing Director Kristalina Georgieva and Deputy Managing Director Geeta Gopinath were asked how governments should respond to the growing number of challenges facing the global economy, including cryptocurrency.

Georgieva explained that the IMF separates digital assets into three crypto assets, namely Bitcoin, Stablecoin and Central Bank Digital Currency (CBDCs).