If you want to know what regulators think of crypto:
This high-level panel at IMF spring meetings is worth watching.
Highlights:
1. Private & public money will likely coexist.
2. Stablecoins are here to stay & could challenge monetary sovereignty of emerging mkt countries.
This high-level panel at IMF spring meetings is worth watching.
Highlights:
1. Private & public money will likely coexist.
2. Stablecoins are here to stay & could challenge monetary sovereignty of emerging mkt countries.
3. Private innovations in payments are awesome, but regulatory framework needs to catch up.
4. If public sector doesn't offer good solution for cross-border payment in next 2 yrs, existing private sector solutions will be entrenched & complicate monetary policy.
4. If public sector doesn't offer good solution for cross-border payment in next 2 yrs, existing private sector solutions will be entrenched & complicate monetary policy.
5. No consensus on how to regulate. India is adamant abt taxing crypto assets. Brazil warns against overly restrictive regulation, which could risk pushing crypto into underground & even harder to monitor.
6. Tokenization is a bigger revolution than securitization for finance.
6. Tokenization is a bigger revolution than securitization for finance.
7. Regulation needs are urgent, should make sure innovations are disruptive, not destructive.
Overall these are clear-headed discussions. Governments are wrestling w how to integrate crypto in their regulatory regimes, which is difficult, but they're not antagonistic.
#Bullish
Overall these are clear-headed discussions. Governments are wrestling w how to integrate crypto in their regulatory regimes, which is difficult, but they're not antagonistic.
#Bullish
Watch full panel on YT:
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