International Monetary Fund (IMF) Managing Director Kristalina Georgieva highlighted that the United Nations financial agency prefers to regulate and differentiate crypto assets rather than enforce a ban on digital assets, but the latter option remains a possibility for now.

According to Georgieva, the IMF is “very much in favor of regulating the world of digital money”, re-iterating that it remains to be a top priority in the organization’s agenda. She added:

“Our first objective is to differentiate between central bank digital currencies that are backed by the state and publically issued crypto assets and stablecoins.” Yet, the option to ban cryptocurrencies “should not be taken off the table” if they start to pose greater risks on financial stability.

Sources:

https://cointelegraph.com/news/imf-to-prefer-regulating-crypto-than-banning-it-outright-report

https://news.bitcoin.com/imf-calls-for-more-crypto-regulation-says-banning-should-be-an-option/

https://www.thisdaylive.com/index.php/2023/02/27/imf-seeks-stronger-crypto-regulation/