IMF Opposes Complete Ban on Cryptocurrencies
The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have jointly released a document outlining regulatory guidelines for the crypto industry.
According to this document, a total ban on cryptocurrencies might not prove effective, as it could drive crypto activities underground and complicate monitoring efforts.
Instead, they advocate for a balanced regulatory approach that allows countries to harness the benefits of cryptocurrencies while also mitigating potential risks.
Instead, they advocate for a balanced regulatory approach that allows countries to harness the benefits of cryptocurrencies while also mitigating potential risks.
