{"id":36338,"date":"2022-09-21T08:14:31","date_gmt":"2022-09-21T12:14:31","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=36338"},"modified":"2022-09-21T08:14:35","modified_gmt":"2022-09-21T12:14:35","slug":"imf-crypto-should-have-a-global-regulatory-framework","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/imf-crypto-should-have-a-global-regulatory-framework\/","title":{"rendered":"IMF: Crypto Should Have a \u2018Global Regulatory Framework&#8217;"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\" id=\"h-the-imf-warned-on-tuesday-that-the-longer-it-takes-international-regulators-to-come-up-with-a-plan-for-regulating-crypto-the-more-likely-it-is-that-regulation-will-be-done-on-a-piecemeal-national-level\">The IMF warned on Tuesday that the longer it takes international regulators to come up with a plan for <a href=\"https:\/\/www.google.com\/search?q=regulating+crypto&sourceid=chrome&ie=UTF-8\" target=\"_blank\" rel=\"noreferrer noopener\">regulating crypto<\/a>, the more likely it is that regulation will be done on a piecemeal, national level.<\/h5>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"748\" height=\"561\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/09\/image-120.png\" alt=\"IMF: Crypto Should Have a \u2018Global Regulatory Framework'\" class=\"wp-image-36340\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/09\/image-120.png 748w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/09\/image-120-300x225.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/09\/image-120-150x113.png 150w\" sizes=\"(max-width: 748px) 100vw, 748px\" \/><figcaption>IMF: Crypto Should Have a \u2018Global Regulatory Framework'<\/figcaption><\/figure>\n\n\n\n<p>The International Monetary Fund (IMF) has asked financial regulators from all over the world to work together to create a &#8220;global regulatory framework&#8221; for crypto assets.<\/p>\n\n\n\n<p>In a blog post published on Tuesday, Aditya Narain and Marina Moretti, the deputy director and assistant director of the IMF's <a href=\"https:\/\/coinscreed.com\/staging\/bis-execs-cryptos-adaptability-vital-to-ideal-monetary-system.html\" target=\"_blank\" rel=\"noreferrer noopener\">Monetary and Capital Markets<\/a> department, said that a global framework would &#8220;bring order to the markets, help instill consumer confidence, set the limits of what is allowed, and provide a safe space for useful innovation to continue.&#8221;<\/p>\n\n\n\n<p>Narain and Moretti say that the lack of a coordinated, global response to the crypto boom has led to fragmented, national-level regulation that leads to regulatory arbitrage as &#8220;<a href=\"https:\/\/coinscreed.com\/staging\/the-australian-cybersecurity-advisor-outlines-some-key-factors-for-safe-crypto-adoption-in-the-country.html\" target=\"_blank\" rel=\"noreferrer noopener\">crypto actors<\/a> migrate to the friendliest jurisdictions with the least regulatory rigor \u2013 while remaining accessible to anyone with internet access.&#8221;<\/p>\n\n\n\n<p>The IMF has said that there needs to be a <a href=\"https:\/\/coinscreed.com\/staging\/racibs-new-project-plans-to-transfer-global-crypto-miners-to-russia.html\" target=\"_blank\" rel=\"noreferrer noopener\">global response<\/a> as soon as possible so that national regulators don't get &#8220;stuck in different regulatory frameworks.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IMF warned on Tuesday that the longer it takes international regulators to come up with a plan for regulating crypto, the more likely it is that regulation will be done on a piecemeal, national level. The International Monetary Fund (IMF) has asked financial regulators from all over the world to work together to create [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":36340,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[132,10742,1341],"class_list":["post-36338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-framework-2","tag-imf"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/09\/image-120.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/36338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=36338"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/36338\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/36340"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=36338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=36338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=36338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}