IMF Opposes Complete Ban on Cryptocurrencies
The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have jointly released a document outlining regulatory guidelines for the crypto industry.
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According to this document, a total ban on cryptocurrencies might not prove effective, as it could drive crypto activities underground and complicate monitoring efforts.
Instead, they advocate for a balanced regulatory approach that allows countries to harness the benefits of cryptocurrencies while also mitigating potential risks.
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