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IMF calls for coordinated action over fears crypto could undermine global moneta...
source link: https://fintechranking.com/2023/02/23/imf-calls-for-coordinated-action-over-fears-crypto-could-undermine-global-monetary-system/
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IMF calls for coordinated action over fears crypto could undermine global monetary system
The International Monetary Fund took a seemingly tough stance toward growing crypto adaptation with a set of recommendations for member countries and a call for a “coordinated response.”
“The widespread adoption of crypto assets could undermine the effectiveness of monetary policy, circumvent capital flow management measures, and exacerbate fiscal risks,” the organization said in a statement, referencing a discussion about crypto policies its executive board had earlier this month.
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