If cryptocurrencies are banned, countries will lose control of the industry, so a policy of regulation, not repression, should be adhered to. This was stated by the chief economist IMF Gita Gopinath at the conference NCAER.
According to her, it is impossible to ban digital assets, since users of these tools will simply go to offshore exchanges, which are not subject to certain rules.
“Can you really do it [запретить криптовалюты]because many exchanges are offshore and not subject to the rules of a particular country, ”she said.
She stressed that “no state can solve this problem alone,” since cross-border transactions with cryptocurrencies are almost impossible to control.
In conversation with CNBC-TV18 the politician also said that at the moment, digital assets are not a global threat. However, in her opinion, giving them the status of legal tender is a big mistake.
In December, the organization reported that Gopnat will replace Jeffrey Okamoto as First Deputy Managing Director. She will be the first woman to occupy this chair.
Earlier, the IMF reiterated its criticism of the legalization of bitcoin in El Salvador.
The organization also warned of “systemic” risks to financial stability from the burgeoning cryptocurrency sector and called for industry regulation.
We will remind, the head of the State Duma Committee on the financial market Anatoly Aksakov said that the Russian authorities are discussing various options for regulating the industry, from a complete ban on the ownership and purchase of crypto assets to the legalization of bitcoin exchanges.
The experts interviewed by Cryplogger agreed that the ban on bitcoin in the Russian Federation does not make sense.