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The paper could prove to be significant as it is likely to support a coordinated and comprehensive policy approach to crypto assets globally.
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The paper could prove to be significant as it is likely to support a coordinated and comprehensive policy approach to crypto assets globally.
It writes that increased co-movement between equity and crypto assets could soon pose risks to financial stability especially in countries with widespread adoption
RBI Deputy Governor T Rabi Shankar suggest that private crypto assets will have no purpose once CBDC is introduced in the economy.
Sitharaman made these remarks on a panel deliberating the role of digital money and its regulatory future.
Taking stock of projects in advanced stages, the IMF proposed ways to operationalise CBDCs and navigate their risks.
The framework is proposed at a time when countries like India are pondering over how crypto can be regulated.
The IMF warned that adopting crypto assets as legal tender carries risks for the country's macroeconomy, among others.
Chapter 2 of IMF’s Fiscal monitor for April 2018 is about Digital Government. The document describes various efforts at digital governance across the world...
