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

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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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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).

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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