World Should Regulate Private Cryptocurrencies More: IMF's Kristalina Georgieva

IMF Managing Director Kristalina Georgieva said that the Financial Stability Board, International Monetary Fund and Bank for International Settlements are committed to presenting a foundation for the regulation of private cryptocurrencies.

February 25, 2023 . 10:13 AM

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The Financial Stability Board, International Monetary Fund and Bank for International Settlements are committed to presenting a foundation for the regulation of private cryptocurrencies, IMF Managing Director Kristalina Georgieva said.
“Crypto assets are nothing, they cannot be accepted as a legal tender,” Georgieva said on the sidelines of the G-20 meeting.
In a statement, India which heads the G-20, said the discussions helped initiate a broader dialog on crypto assets and raised “several pertinent policy questions that policymakers and regulators need to evaluate closely.”.