Banning crypto ‘is probably not efficient in the long term’ — IMF

The Worldwide Financial Fund (IMF) has reiterated its requires crypto regulation throughout sure international locations however mentioned an outright ban is probably not one of the best strategy.

In a June 22 report on Latin America and the Caribbean, the IMF pointed to numerous approaches taken by native governments in addressing the adoption of cryptocurrencies and central financial institution digital currencies, or CBDCs. (BTC) has been accepted as authorized tender in El Salvador since September 2021, whereas the Bahamas was the primary nation to launch its personal CBDC, the Sand Greenback, in October 2020.

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