IMF chef economist says Regulation is absolutely important for the crypto sector-regulation
IMF chef economist says Regulation is absolutely important for the crypto sector-regulation
The chief economist of the International Monetary Fund (IMF) says that regulation is "absolutely important" for the crypto sector. She added that a ban on cryptocurrencies, as India could consider, would represent practical challenges in view of her decentralized character.
chief economist of the IMF for cryptocurrency and its regulation
Gita Gopinath, chief economist of the International Monetary Fund (IWF) supposedly discussed on Wednesday on one from the national Council of Applied Economic Research (NCAER) organized event about cryptocurrency.
Gopinath is also the IMF and director of his research department. It is due to the public service of the Harvard University's economic department, where she is the John-Zwaanstra professor for international studies and economics. Gopinath is scheduled to become the first deputy managing director of the IMF at the beginning of next year.
she said:
It seems that cryptocurrencies are more attractive for emerging countries than for industrialized countries.
She noted that "cryptocurrencies are a special challenge for emerging countries," she said, "emerging markets have exchange rate controls, capital flow controls, and cryptocurrencies can affect it."
gopinath added:
regulation is absolutely important for this sector. If people use this as fixed assets, the rules that apply to other asset classes should also apply.
She added that the ban on cryptocurrencies would be practical challenges in view of its decentralized character, and emphasized the need for global politics in relation to cryptocurrencies.
Last week the IWF outlined some Bitcoin.com/imf-advises-ow-how-crypto-shild--regulated-urgent-for-border-collaboration/" Rel = "noopener"> Above how Cryptocurrency should be regulated and states that cross -border cooperation and cooperation in the regulation of cryptocurrency is urgently required. The authors said: "Crypto-assets are potentially changing the international currency and financial system."
also the IWF warned in November against the use of bitcoin as State currency. The country made Bitcoin a legal means of payment in September and has bought 1,370 bitcoins for its treasury.
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