Sunday, December 3, 2023

IMF Says Banning Crypto Might Not Be the Greatest Strategy to Balancing Threat, Demand



“Whereas a couple of nations have utterly banned crypto belongings given their dangers, this strategy may not be effective in the long term,” The IMF stated in a web site put up about curiosity in central bank digital currency (CBDC) adoption in Latin America and the Caribbean. “The area ought to as a substitute concentrate on addressing the drivers of crypto demand, together with residents’ unmet digital fee wants, and on bettering transparency, by recording crypto asset transactions in nationwide statistics.”

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