<p>The International Monetary Fund (IMF) published a nine point-action plan discussing policies around crypto assets and recommending countries not to give them legal tender status.</p><p>IMF Recommends against Bitcoin’s Legal Tender Status</p><p>”Safeguard monetary sovereignty and stability by strengthening monetary policy frameworks and do not grant crypto assets official currency or legal tender status,” the first among the nine points in the recommendations noted.</p><p>The international lender’s Executive Board prepared the paper, “Elements of Effective Policies for Crypto Assets,” to provide guidance to IMF member countries regarding policies on crypto assets.</p><p><a href=”https://www.financemagnates.com/cryptocurrency/regulation/why-the-crypto-industry-needs-more-regulation/” target=”_blank” rel=”follow”>Regulations around Bitcoin</a> and other crypto assets have become a […]
https://cryptogator.co/2023/02/25/imf-doesnt-want-bitcoin-in-the-bowels-of-financial-system-11/
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