The #IMF Board Offers Guidance on Developing a Successful #CryptoPolicy .

The International Monetary Fund (IMF) released the results of its executive board members' debate on a paper titled "Elements of Successful Policy for Crypto #Assets " on Thursday.

**Just In 🚨**: Chainalysis, a blockchain analysis company, has reported that mainland Chinese cryptocurrency trading could potentially become more active through Hong Kong's active over-the-counter (OTC) trading. The report highlights that from July of the previous year to June of this year, Hong Kong's cryptocurrency trading volume reached $64 billion, ranking it fifth in East Asia. The majority of these transactions occurred in the OTC market. The report suggests that China is also actively engaged in over-the-counter cryptocurrency transactions. Therefore, Hong Kong's cryptocurrency-friendly policy can be seen as a positive indication of a potential shift in China's cryptocurrency policy, according to Chainalysis. #Chainalysis #CryptocurrencyTrading #OTCMarket #CryptoPolicy #HongKong

**News Update:**
🗳️ Argentine pro-crypto presidential candidate Javier Gerardo Milei advances to a runoff against Sergio Massa on November 19. The election will determine the future stance on cryptocurrency in Argentina. 🇦🇷🌐 #ArgentinaElection #CryptoPolicy

🇬🇧 British Treasury Secretary for Economic Affairs, Wim Apolami, stresses the need for balanced cryptocurrency regulation, cautioning against labeling all crypto businesses as illegal. He emphasizes the importance of fostering innovation and growth while ensuring appropriate oversight and risk management, highlighting the role of the industry in economic growth and innovation. This marks Apolami's first public stance on cryptocurrencies since his appointment. 💼🚀 #CryptocurrencyRegulation #Innovation #CryptoPolicy