Express

IMF Calls for Global Standards for Crypto Assets

Amy Liu

Summary: In its 2021 Global Financial Stability Report, the IMF says cryptocurrency doesn't yet pose a systemic threat to the international system but that "risks should be closely monitored given the global implications and the inadequate operational and regulatory frameworks in most jurisdictions." The report argues for regulations that ensure investors know how stablecoins are backed. ...

In its 2021 Global Financial Stability Report, the IMF says cryptocurrency doesn't yet pose a systemic threat to the international system but that "risks should be closely monitored given the global implications and the inadequate operational and regulatory frameworks in most jurisdictions."

The report argues for regulations that ensure investors know how stablecoins are backed. To address those inadequacies, it calls for "global standards for crypto assets." Doing so, it believes, could help fend off a "contagion risk" to other markets. 

By Amy Liu

Last Update:

Tags: ,,
Link: IMF Calls for Global Standards for Crypto Assets   [Copy]
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 6 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 8 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 9 days ago
  • BTC Weekly: Momentum Top Divergence Signals Potential Shift Lower 10 days ago
  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 13 days ago
  • You need to login to comment.