Aditya Narayan and Marina Moretti, the deputy director, and assistant director, respectively, of the IMF’s Monetary and Capital Markets department, in a blog on Tuesday, said that IMF needs to develop a ‘Global Regulatory Framework’ for cryptocurrencies to avoid fragmentation of regulation on a national level and to be accessible to everyone with an internet connection. In order to create a “global regulatory framework” for crypto assets, the IMF recommended urging financial authorities from all around the world to cooperate. The IMF has emphasized the need for a swift global response to prevent national regulators from becoming, “locked into differing regulatory frameworks.”
