Cryptocurrencies a challenge for emerging markets, regulation needed: IMF chief economist Gita Gopinath
The Hindu
“I think cryptocurrencies are a particular challenge for emerging markets. It seems to be more attractive to adopt cryptocurrencies and assets in emerging economies than in advanced economies,” she said.
International Monetary Fund (IMF) Chief Economist Gita Gopinath has made a strong case for regulating cryptocurrencies, saying it will always be a challenge to ban them as they operate from offshore exchanges. Ms. Gopinath also suggested a global policy and coordinated action for regulating .
“I think cryptocurrencies are a particular challenge for emerging markets. It seems to be more attractive to adopt cryptocurrencies and assets in emerging economies than in advanced economies,” she said while addressing an event organised by the National Council of Applied Economic Research (NCAER) on Wednesday.
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