The International Monetary Fund (IMF) would prefer to regulate digital assets, but does not exclude their ban when higher risks to financial stability appear. This was stated by the managing director of the organization Kristalina Georgieva in an interview with Bloomberg.
Industry oversight is a top priority for the Financial Stability Board, the IMF and the Bank for International Settlements, she said.
“Our first goal is to distinguish between government-backed central bank digital currencies [CBDC] and publicly issued crypto assets and stablecoins,” explained Georgieva.
At the same time, the option of banning cryptocurrencies “should not be removed from discussion” in the event of a slowdown in regulation and a higher risk to consumers or financial stability, she added.
Earlier, the IMF called for a “coordinated response” regarding cryptocurrencies.
Recall that in September 2022, the organization emphasized that the bankruptcies of issuers, exchanges and hedge funds have become additional incentives to strive to create a comprehensive regulation of digital assets.