Cryptocurrency warning from IMF

The International Monetary Fund (IMF) reported that global cryptocurrency regulation should be comprehensive and coordinated, with uncoordinated regulatory measures that could facilitate destabilizing capital flows.

IMF officials wrote a blog post about it. It was pointed out that products and services related to crypto assets have grown rapidly in recent years. It was noted that their connection with the regulated financial system has increased.

In the article, it was stated that policy makers had difficulty in monitoring the risks arising from this developing sector, where many activities are unregulated, and it was stated that these risks may soon become systemic in some countries.

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