IMF Pushes Regulation on Cryptocurrency Market

The IMF better known as the International Monetary Fund, is asking government officials and regulatory agencies to enforce policies on cryptocurrencies. They have called for this action due to the risks of rising prices on digital currencies. They would like to have this awareness spread on an international level and would like government agencies and markets to cooperate. The IMF is a United Nation’s organization that administers global cooperation for financial growth and stability. They are worried about the fraud, terrorist financing, and money laundering risks that cryptocurrencies bring to the table. IMF representative, Gerry Rice stated, “The more that assets go up, the more risks there will be”. The IMF was created after the second World War to reassemble international economies. The IMF has had their differences with cryptocurrencies, although digital assets can refurbish dwindling economies for countries.

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