The board – 24 directors elected by the IMF’s member countries – earlier this month had been presented with a staff paper that warned of the, tax collection, financial stability and consumer protection.
“Directors generally agreed that crypto assets should not be granted official currency or legal tender status in order to safeguard monetary sovereignty and stability,” the statement said, calling for countries to clarify tax treatment and align with global standards. “Directors agreed that strict bans are not the first-best option, but that targeted restrictions could apply” to limit crypto risks, though some board members think “outright bans should not be ruled out,” the statement continued.
Regulations shouldn’t stifle innovation, and governments can benefit from the underlying digital technology, the statement added.
Source: Law Daily Report (lawdailyreport.net)
IMFNews jackschickler what if we ban IMF and send all directors to prison.
IMFNews jackschickler XRP
IMFNews jackschickler Who are you?
IMFNews jackschickler whatever
IMFNews jackschickler News just in. McDonald's CEO says flame grilled burgers should be banned
IMFNews jackschickler Old people tell the best jokes 🧓
IMFNews jackschickler Good news
IMFNews jackschickler Come and take it.
IMFNews jackschickler in other words 'we dont want poor people having control of their money, only us elites get to do that'
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