In the latest IMF market report, the global monetary agency said that recent years have seen the steady rise of crypto assets, cryptocurrencies, and NFTs and have evolved from a ‘Niche’ status to come much more in the public attention and mainstream finance. IMF added that the past few years have seen many crypto hacks and benchmark failures but have become increasingly comprehensive. IMF report then went on to call on regulators to not look at crypto as a speculative asset, but more as a concrete entity, and start thinking about sticker and more defined regulations for the same.
