IMF Outlines Need for Global Approach to Crypto Regulation

IMF Outlines Need for Global Approach to Crypto Regulation
The International Monetary Fund (IMF), the financial institution focused on maintaining worldwide financial stability, has outlined its proposal for establishing a global regulatory framework for crypto.The IMF called for a “comprehensive, consistent and coordinated” approach in order to harness the benefits of crypto’s underlying technology while mitigating some of its risks, in a blog published on Thursday.This will prove a “daunting task,” the IMF said. “But if we start now, we can achieve the policy goal of maintaining financial stability while benefiting from the benefits that the underlying technological innovations bring.”According to the IMF, regulating crypto at a global level…