Call for Global Cryptocurrency Policies from IMF Chief Economist

All the countries of the world are considering how they can control cryptocurrencies. Gita Gopinath, chief economist of the International Monetary Fund (IMF), called for a global regulatory policy to be put in place instead of banning cryptocurrencies. It is thought that he will serve as the assistant general manager of the. He argued that if countries ban crypto, they will not have any control over overseas exchanges that are not subject to their country’s regulations. It’s impossible to ban and end it.

This comment of Gita came as countries around the world commented on how to control cryptocurrencies. Earlier this month, the Russian central bank officially announced a new set of measures to combat the use of crypto in China. To Bitcoin (BT C) forbade him to invest. The Indian government is seeking cabinet approval for a bill to regulate cryptocurrencies.

The Official Cryptocurrency and Official Digital Currency Act Amendment was expected to be presented to parliament during the winter session of 2021, but top government sources were not optimistic. restricted the use of the word “investment”. The ad watchdog in the UK has since barred advertising breaches related to six crypto-related firms, including Coinbase, Kraken, eToro, Exmo, crypto broker Coinburp and crypto exchange Luno. Despite all the negativities, such a statement was exactly the signal that the stock markets would switch to the Bitcoin stock market.

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