Gopinath believes that enforcing a cryptocurrency prohibition will be difficult.
Gita Gopinath, chief economist at the International Monetary Fund (IMF), on Wednesday stated that cryptocurrencies pose a threat to emerging economies that rely on capital controls and foreign exchange, and urged for a coordinated global response to regulate them, albeit a ban would be difficult to enact. Gopinath, the IMF’s first deputy managing director-designate, urged … Read more