IMF Says Banning Crypto May Not Be the Best Approach to Balancing Risk, Demand

“Whereas just a few international locations have fully banned crypto property given their dangers, this strategy will not be efficient in the long term,” The IMF stated in an internet site publish about curiosity in central financial institution digital foreign money (CBDC) adoption in Latin America and the Caribbean. “The area ought to as an alternative concentrate on addressing the drivers of crypto demand, together with residents’ unmet digital cost wants, and on enhancing transparency, by recording crypto asset transactions in nationwide statistics.”