Outright ban on cryptocurrencies would be difficult, says IMF chief economist
Most cryptocurrency exchanges, she said, are offshore so a “single country placing a ban on these kinds of activities may not be that effective.”
Most cryptocurrency exchanges, she said, are offshore so a “single country placing a ban on these kinds of activities may not be that effective.”
IMF also said that capital flow management may need to be fine-tuned due to digital currencies.
Iyer, CEO of Blockchain Monk, discusses stablecoins, Libra and recent investment by FB on India’s Jio
Widely seen as a symbolic push for blockchain by global bodies, the announcement comes on the heels of the statement by the managing director Christine Lagarde that distributed ledger technology is “shaking up the system.”