The fund suggests outright bans are not the best option to limit crypto risks, but should not be ruled out The International Monetary Fund (IMF) believes that crypto assets should not be granted official currency or legal tender status, according to a statement from its executive board released on Thursday. The statement summarized discussions on the fund’s nine-point action plan for how countries should treat crypto assets, dubbed ‘Elements of Effective Policies for Crypto Assets,’ held earlier this month. The paper provided “guidance to IMF member countries on key elements of an appropriate policy response to cr
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