Geeta Gopinath, the chief economist at the international Monetary Fund (IMF), said cryptocurrencies had not become standard. Revealed to formulate a policy internationally on cryptos.
Geeta Gopinath, the chief economist at the international Monetary Fund (IMF), said it would be better for developing countries to regulate cryptocurrency than to ban it.
Noted that cryptos have not yet become standard. She revealed to formulate a policy internationally on cryptos. She was speaking at a meeting organized by the National Council for Applied Economics.
'Banning cryptocurrencies poses some challenges because all the exchanges are abroad. Then they will not be under our control.
She called for an international approach to wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital currencies. She revealed that no country has solved this problem on its own. She said the reason for this was the availability of cryptocurrency transactions abroad.
‘There is an urgent need to formulate an international policy on cryptocurrency,’ she suggested. It has been revealed that these have not yet become an international threat.
Geeta Gopinath responds to the growing number of Omicron cases worldwide. ‘Having the highest infection rate is worrying. Omicron's dominance is likely to increase in the coming months.
It is dangerous to infect everyone fast and vaccination ought to occur all over the world. Otherwise, new variants of Covid-19 will come again and again.
Cryptocurrency is currently under intense discussion in India. This is because the bill is being tabled in parliament during the winter sessions.
It was initially rumoured that crypto would be banned altogether. It was then learned that the crypto would be considered under asset class and brought under control. It will take another few years to know the full details.
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