International Monetary Fund (IMF) staffers are reportedly advocating for a global platform for cross-border payments and for regulations of cryptocurrencies.
These calls to action were published in the September issues of the IMF’s quarterly magazine, “Finance & Development,” according to a Thursday (Sept. 1) report by CoinDesk.
Specifically, Tobias Adrian, financial counsellor and director of the monetary and capital markets department at IMF, said he wants the organization to build a platform that would accept payments in central bank digital currencies (CBDCs) and issue tokens against them to reduce the cost of international transfers, per the report.
On the topic of regulation of crypto, Aditya Narain, deputy director of the monetary and capital markets department at IMF, wrote that the crypto ecosystem should be regulated in a coordinated, global response rather than by different national frameworks, according to the report.
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