While the International Monetary Fund (IMF) reiterated its calls for regulation on the cryptocurrency sector, he pointed out that a direct ban may not be a good option.
In the report published by the IMF on its official website on June 22, cryptocurrency And digital central bank money (CBDC) mentioned its use. Organisation, regulatory recommendations while repeating of prohibition in the long run may not be effective also suggested.
IMF, the use of cryptocurrencies in the relevant countries To citizens in LAC countries various your services on providing ease claimed to provide. Brazil, Colombia And Ecuador like crypto regulations The use of crypto in countries that continue to work on banking access to citizens who are not accessibility reportedly provided. In addition, these countries adoption rate about the world from leading countries It was noted that.
On the other hand, against cryptocurrencies in the region your attitude in difference while emphasizing of El Salvador Bitcoin (BTC) legal as a means of payment acceptance despite your Argentina And in Dominica crypto assets banned was stated. IMF, LAC 19 judgments of the region 12 of them on cryptocurrencies to the arrangement reported that he has or is working on it.
IMF, LAC many central banks in adopting CBDCs or for that matter plans while expressing that well designed of a CBDC financial participation And that you can increase productivity underlined. The institution at this point various risks use of cryptocurrencies of prohibition in the long run may not be the best option stated in the following terms:
While several countries have banned cryptoassets entirely due to their risks, this approach may not be effective in the long run. The region should instead focus on addressing drivers of crypto demand, including citizens’ unmet digital payment needs, and increasing transparency by recording crypto-asset transactions in its national statistics.
Yet it brought to the advantages However, many crypto assets are available for LAC countries. financial risk And difficulty was among the details mentioned.
Head of the IMF Kristalina Georgieva in last February in india happening At the G20 meeting In his speech, cryptocurrencies ban in its place would prefer to organize had stated,