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IMF-FSB recommends cooperation, info sharing for crypto asset regulation-report

NEW DELHI (Reuters) – The International Monetary Fund and Financial Stability Board has recommended cross border co-operation and information sharing for consistent regulation of crypto assets, the two said in a joint report to the Group of 20 nations released to the media on Thursday.

A blanket ban that makes crypto activities illegal can be costly and demanding to enforce, the report added.

(Reporting by Sarita Chaganti Singh and Shivangi Acharya; Writing by Swati Bhat)


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Gary Varvel
Fri, Sep 15, 2023