IMF states that crypto regulation needs to become a priority since crypto assets are now mainstream
In a recent report, IMF directors discuss crypto markets and why countries seem to be struggling with regulating their crypto economy
By Shashank Bhardwaj
Crypto assets have moved from being niche products for a particular group of people to having a mainstream presence. The International Monetary Fund (IMF) says that this calls for the need for more comprehensive and well-rounded regulation measures around the crypto sphere.
In a report authored by Aditya Narain, IMF capital markets director, and Marina Moretti, assistant director, they said that crypto assets are no longer “niche products”, and are now used for speculative investments, act as hedges against weaker currencies and are also payment instruments.
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Terra buys $200 million in AVAX for reservesRead More..
Bitcoin will remain as a standard: Chess world champion Garry KasparovRead More..
Coinbase launches in IndiaRead More..
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Germany closes Russian darknet marketplace HydraRead More..
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Crypto industry reels from $600 million hackRead More..
NFT of Nelson Mandela's arrest warrant auctioned for $130,000Read More..
Bank of England calls for tighter regulation of cryptocurrenciesRead More..
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Cryptocurrencies enter Russia-Ukraine conflictRead More..
Russia seeks to regulate cryptocurrenciesRead More..
Donald Trump's NFT collection to laud his own presidencyRead More..