Cryptocurrency Q&A
How will the IMF Monitor crypto-assets?
How will the IMF Monitor crypto-assets?
Alessandra
Tue Sep 03 2024
|
5 answers
1127
Could you please elaborate on the International Monetary Fund's (IMF) approach to monitoring crypto-assets? How will they ensure that these digital currencies are not used for nefarious activities, and what measures will they take to ensure stability and transparency in the crypto market? Furthermore, how will the IMF collaborate with other international organizations and governments to implement a comprehensive framework for monitoring crypto-assets?
5 answers
EchoChaser
Thu Sep 05 2024
Drawing upon the collaborative efforts between the IMF and the Financial Stability Board (FSB), the Fund aims to incorporate key elements and recommendations related to crypto-assets into its policy initiatives.
Was this helpful?
180
80
Carolina
Thu Sep 05 2024
As part of this endeavor, the IMF plans to embed policy steps within its surveillance program, ensuring that crypto-assets are evaluated and monitored in line with international standards.
Was this helpful?
140
72
CryptoWizard
Thu Sep 05 2024
Specifically, the IMF intends to incorporate these measures into Article IV assessments, a comprehensive evaluation of member countries' economic and financial policies.
Was this helpful?
298
44
DondaejiDelightfulCharm
Thu Sep 05 2024
Additionally, the Financial Sector Assessment Program (FSAP), which assesses the soundness and stability of a country's financial system, will also incorporate crypto-asset considerations to ensure a holistic view of financial risks.
Was this helpful?
398
39
Rosalia
Thu Sep 05 2024
The International Monetary Fund (IMF) recognizes the significance of crypto-assets in the global financial landscape and is taking proactive steps to integrate their considerations into its surveillance framework.
Was this helpful?
111
51
