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Hard to Regulate Crypto Without Global Consensus, Admits Top IMF Official
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A key figure at the International Monetary Fund (IMF) has conceded that regulating crypto will need nothing short of a concerted global effort – and a worldwide agreement on crypto that most would argue seems far from achieving any time soon.
The comments were made by the IMF chief economist Gita Gopinath – who is set to become the body’s first deputy managing director in 2022. Gopinath was speaking during a lecture for the New Delhi-based economics think-tank the National Council of Applied Economic Research. Her speech was entitled “Global Recovery from the Pandemic Policy Challenges.”
Gopinath called for regulations, but stated that practical difficulties could blight any one nation’s efforts to police the sector.
She explained that
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