The IMF Calls for Development of Global Standard for Crypto Regulation

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Last Tuesday, Aditya Narain, Deputy Head of the IMF, and Marina Moretti, Assistant Director, released a report reiterating the need to develop a regulatory framework for digital asset transactions.

Moreover, the leadership of the IMF believes it is necessary to agree on a single standard of regulation, which will be guided by the states implementing legislation for the blockchain industry.

Narain and Moretti have emphasized that in recent years, the popularity of cryptocurrencies and investment in such instruments has increased significantly. Access to them can be obtained by all countries whose inhabitants use the Internet.

The IMF has called for the development of a regulatory standard to be accelerated as the number of states legalizing digital assets grows in the world.

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