IMF's Gita Gopinath suggests regulation, and not ban, for cryptocurrency, seeks global policy
moneycontrol.comEmerging economies should regulate cryptocurrency, instead of banning it, International Monetary Fund chief economist Gita Gopinath said on December 15, and called for a global policy.
“There are challenges to banning it whether you can end up with truly banning crypto because many exchanges are offshore and they are not subject to regulations of a particular country,” Gopinath said, addressing an event organised by National Council of Applied Economic Research (NCAER).
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Pitching for a global policy, Gopinath said “no individual country can solve this problem on their own” because of the ease with which cryptocurrency transactions can be done cross border. “There is
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