If you have spent enough time in the crypto industry, you are aware that the International Monetary Fund (IMF) has not been a friend to the DEFI industry. According to IMF Managing Director Kristalina Georgieva, the IMF would prefer to differentiate and regulate crypto assets over enforcing a complete ban. At the same time, the nuclear option will remain on the table for the time being.
IMF opts to regulate crypto
On the margins of the G20 finance ministers’ conference in Bengaluru, India, IMF Managing Director Kristalina Georgieva described how the United Nations financial agency views digital assets and what it would want to see in terms of regulation.
According to Georgieva, the IMF’s major goal is to regulate the world of digital currencies. She claims that fully supported stablecoins offer a “fairly good environment for the economy.” On the other hand, unbacked crypto assets are speculative, high-risk, and not actual currency.
Source: https://www.cryptopolitan.com/imfs-stand-on-regulating-or-banning-crypto/