According to Bitcoin.com, the vice president of the International Monetary Fund (IMF) has called for more action on the regulatory front to prevent the volatility of cryptocurrencies from affecting banks and traditional financial institutions. Nobuyasu Sugimoto, deputy director of the IMF's Financial Supervision Department, and Bo Li, deputy president of the International Monetary Fund, believe that given the increasingly close ties between traditional finance and cryptocurrencies, the volatility of cryptocurrencies may bring systemic risks to the existing financial system. #crypto2023