IMF Speaks on Why Crypto Needs Stronger Regulation
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, emphasized the necessity of robust regulation in the cryptocurrency sector to protect global financial stability. Speaking at a digital currency conference in Seoul, Georgieva expressed concerns about the potential risks associated with widespread crypto adoption and stressed the importance of effective regulation to avoid disruptions in monetary policy, capital flow management, and fiscal sustainability, especially in the context of volatile tax collection.
