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IMF chief economist calls for global policy on cryptocurrency
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Gita Gopinath, the chief economist of the International Monetary Fund (IMF), has called for a global policy to be put in place that will regulate cryptocurrency, instead of banning it.
Pitching for a global policy, Gopinath, who will soon take charge as the deputy managing director of the IMF, argued that if countries were to ban crypto then they would not have any control over offshore exchanges that are not subject to their country's regulations, which could result in them being ignored completely.
“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 at an event organized by the National
Read more on cointelegraph.comAbout this in other media
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