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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