Regulate cryptocurrencies; don't ban them

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The IMF chief economist Gita Gopinath suggested that rather than banning cryptocurrencies, developing economies should regulate them.

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Gopinath, speaking at a National Council of Applied Economic Research event, called for an urgent global policy on the matter

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She went on to say that cryptos are proving to be a challenge for emerging markets, and that strict regulation is urgently needed.

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Gopinath also pointed out that, because of their decentralised nature, banning digital currencies has practical limitations.

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Her comments come at a time when the government is mulling to bring a Bill on cryptocurrency regulation

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Chief Economist of the IMF, @GitaGopinath called on PM @narendramodi,” the PMO, tweeted along with a couple of photographs from the meeting

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Gita Gopinath, will take charge as the first deputy managing director of the IMF on January 21, 2022 replacing Geoffrey Okamoto

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