Part 3/9:
International Cooperation: Cross-border supervision, enforcement, and the establishment of international arrangements are deemed necessary to control and regulate crypto markets globally.
Protection of Monetary Sovereignty: Safeguard national monetary policies by preventing crypto assets from undermining traditional fiat currencies.
These principles indicate a move towards comprehensive regulation and oversight, with an emphasis on restricting crypto from gaining any official monetary status.
Why Is the IMF Concerned?
The IMF’s apprehension centers around the potential disruptive influence of cryptocurrencies on the global monetary system: