Part 5/9:
The IMF has outlined nine oversight principles that will shape future regulation:
No Crypto Legal Tender: Maintaining the stance that cryptocurrencies should not be recognized as official tender.
Prudential Oversight: Developing comprehensive conduct and oversight standards for all crypto market participants.
International Coordination: Building global regulatory frameworks to monitor and enforce rules across borders.
Enhanced Supervision: Ensuring effective supervision of crypto exchanges and service providers.
Cross-Border Supervision: Facilitating international cooperation to prevent regulatory arbitrage.
Tax Compliance: Clarifying tax policies to ensure unambiguous treatment of crypto assets and bolster compliance efforts.