IMF: ‘Regulation must be comprehensive, consistent and coordinated’

There must be harmonized regulations at a global level for Bitcoin, among other things, as the International Monetary Fund (IMF) recently wrote in its blog. This regulation must be comprehensive, consistent and coordinated. What exactly does this mean and is it potentially a danger for Bitcoin?

International Monetary Fund (IMF)

The IMF is an international partnership of 190 countries. The body is committed to ensuring monetary and financial stability, facilitating international trade, promoting employment and sustainable economic growth, and reducing poverty around the world. A fairly wide range of tasks. With Bitcoin potentially transforming the financial system, the IMF sees potential risks to monetary and financial stability and points to the need for harmonized rules at a global level. Something that Christine Lagarde, president of the European Central Bank (ECB), also hinted at at the beginning of this year. In the video below from Reuters, the president of the ECB argues that bitcoin is not a currency, but a speculative asset . She also calls for global regulation.

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