Cryptocurrency: IMF chief Geeta Gopinath comments go Sensational..?!
Geeta Gopinath, the chief economist at the international Monetary Fund (IMF), said cryptocurrencies had not become standard. Revealed to formulate a policy internationally on cryptos.
Geeta Gopinath, the chief economist at the international Monetary Fund (IMF), said it would be better for developing countries to regulate cryptocurrency than to ban it.Noted that cryptos have not yet become standard. She revealed to formulate a policy internationally on cryptos. She was speaking at a meeting organized by the National Council for Applied Economics.
'Banning cryptocurrencies poses some challenges because all the exchanges are abroad. Then they will not be under our control.
‘There is an urgent need to formulate an international policy on cryptocurrency,’ she suggested. It has been revealed that these have not yet become an international threat.
It is dangerous to infect everyone fast and vaccination ought to occur all over the world. Otherwise, new variants of Covid-19 will come again and again.
It was initially rumoured that crypto would be banned altogether. It was then learned that the crypto would be considered under asset class and brought under control. It will take another few years to know the full details.