IMF's Gita Gopinath suggests regulation, and not ban, for cryptocurrency, seeks global policy

Gita Gopinath cryptocurrency IMF International Monetary Fund NOT

16.12.2021 - 08:04

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moneycontrol.com:

Emerging 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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