Gita Gopinath, chief economist of the International Monetary Fund (IMF), stated at an event that cryptocurrencies and their regulations should be regulated by determining global policies and acted quickly on this issue.
Attending an event organized by the National Council for Applied Economic Research Gita Gopinath, chief economist of the International Monetary Fund (IMF), He called for the global ecosystem to be evaluated by meeting a common denominator and policy, rather than banning cryptocurrencies or their derivatives. He stressed that if countries and policy-making systems insist on the crypto industry and its bans, overseas exchanges will be out of control.
The IMF made calls throughout 2021, expressing its ideas and views on cryptocurrencies. In his call on the official blog site on December 9, 2021, he called for the need to reduce the risks they pose in a comprehensive, consistent and coordinated way while taking advantage of the technological moves of cryptocurrencies.
IMF in July Acceptance of Bitcoin as legal currency In a blog post he published covertly on the to El Salvador warned. Bank of England (BoE) Governor Andrew Bailey shared his critical views on the risks of adopting Bitcoin as the official currency in the days when El Salvador launched Bitcoin City.
Recently, England investment decided to ban crypto money ads with the word “behavioral finance” on the grounds that it is misleading within the scope of behavioral finance elements. A UK ad-monitoring mechanism has set some resolutions on the matter, banning ads from brands such as Papa John’s Pizza, Coinbase, Kraken, Etoro, Luno, Coinburp and Exmo.
Russia made an official statement a few days ago banning mutual funds from direct contact with Bitcoin.
China, on the other hand, is one of the leading examples of countries that have long followed an oppressive policy on cryptocurrencies and bans. Bans on Bitcoin mining in China are diverting miners to regions such as Kazakhstan, Russia, Canada, and Texas.