According to the International Monetary Fund (IMF), banning crypto assets may not be an effective approach to risk management in the long term.
Instead, the IMF said countries should focus on addressing the drivers of cryptocurrency demand, including citizens' unmet needs for digital payments, as well as increasing transparency by recording cryptocurrency transactions in national statistics.
Previously, the IMF feared that cryptocurrencies could undermine the global monetary system and still considered the option of banning them.
