Global Regulators, IMF Lay Out Roadmap to Address Crypto Risks

Global financial regulators and the International Monetary Fund (IMF) have outlined a roadmap to coordinate measures aimed at preventing cryptoassets from undermining macroeconomic and financial stability. The risks associated with cryptoassets are worsened by noncompliance with existing laws, according to the Financial Stability Board and the IMF. The paper highlights the potential negative impacts of widespread adoption of cryptoassets, including the undermining of monetary policy, fiscal risks, and threats to global financial stability. The paper sets out timelines for implementing recent recommendations to regulate cryptoassets from the Financial Stability Board and IOSCO.