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Crypto Regulation Should Be Global, Not National - IMF Directors
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The rapid growth of crypto assets, associated products and services, and the interlinkages with the regulated financial system are intensifying the need for global crypto regulation that should be comprehensive, consistent and coordinated by the world’s regulators, according to a recent paper released by the International Monetary Fund (IMF).
According to the paper published on the website of the Washington-based international financial institution:
“Policymakers struggle to monitor risks from this evolving sector, in which many activities are unregulated. In fact, we think these financial stability risks could soon become systemic in some countries.”
The analysis was authored by Tobias Adrian, Financial Counsellor and Director of the IMF’s
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