IMF proposed a nine-point action plan for countries to consider when dealing with crypto assets

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IMF proposed a nine-point action plan for countries to consider when dealing with crypto assets

The International Monetary Fund (IMF) has proposed a nine-point action plan for countries to consider when dealing with crypto assets. Among other things, the IMF has advised countries not to grant any crypto asset legal tender status.

The IMF’s executive board discussed a paper titled “Elements of Effective Policies for Crypto Assets” on Thursday (February 23), which was said to guide IMF member countries on key elements of an appropriate policy response to crypto assets. Following the recommendations, IMF managing director Kristalina Georgieva stated in Bengaluru that prohibiting private crypto should be part of the discussions. On Friday, Georgeiva spoke at the G20 meeting in Bengaluru (February 24).

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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The International Monetary Fund (IMF) has proposed a nine-point action plan for countries to consider when dealing with crypto assets. Among other things, the IMF has advised countries not to grant any crypto asset legal tender status.

The IMF’s executive board discussed a paper titled “Elements of Effective Policies for Crypto Assets” on Thursday (February 23), which was said to guide IMF member countries on key elements of an appropriate policy response to crypto assets. Following the recommendations, IMF managing director Kristalina Georgieva stated in Bengaluru that prohibiting private crypto should be part of the discussions. On Friday, Georgeiva spoke at the G20 meeting in Bengaluru (February 24).

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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