Banning of crypto poses challenges: IMF chief economist Gita Gopinath

Gopinath’s comments come at a time when the government is looking to bring a Bill on cryptocurrency regulation

International Monetary Fund (IMF) chief economist Gita Gopinath said on Wednesday that cryptocurrencies were proving to be a challenge for emerging markets and that strong regulation was needed for the sector.

She, however, said there were practical obstacles to banning cryptocurrencies, given their decentralised nature.

Gopinath’s comments come at a time when the government is…read more

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