IMF Economists Encourage Countries Embrace to Crypto Demand Drivers for Economic Growth

The International Monetary Fund (IMF) economists have advised against banning cryptocurrencies, stating that such a measure may not be effective in the long term. Instead, they recommend that countries tackle the drivers of crypto demand, such as citizens_ unmet digital payment needs. The IMF emphasizes the importance of improving transparency by recording crypto asset transactions in national statistics. This approach recognizes the potential benefits of cryptocurrencies and highlights the need for tailored regulations that address risks while fostering innovation and meeting the evolving demands of digital economies.