Dong He, the IMF’s deputy director of monetary and capital markets, said on Tuesday at Hong Kong Fintech Week that his message to the crypto industry is to embrace regulation. “Regulators are crypto’s friends; work with regulators, and regulation is good for your future,” Dong concluded in his closing remarks, but provided few examples of how the industry might benefit from this friendship during the presentation. Dong previously argued that a global standard for crypto regulation is especially important because of its international implications, and he discouraged jurisdictions from competing for crypto business with favourable regulatory structures.
