- IMF chief economist Gita Gopinath speaks on cryptocurrency.
- She discloses that crypto poses a challenge for emerging markets.
- Gopinath feels that the crypto sector needs strong regulation.
The issue of cryptocurrency regulation and the assertion that it is posing a challenge for emerging markets has become a topic of discussion for most world powers, governments, and organizations. The International Monetary Fund (IMF) Chief Economist Gita Gopinath holds the same opinion about crypto.
She made her stand known at the National Council of Applied Economic Research (NCAER). She claims that cryptocurrencies are a challenge for emerging markets. She continues to say that it may seem as though cryptos are more attractive for emerging markets compared to developed economies.
However, she explains that people should know that emerging markets have exchange rate controls, capital flow controls, and cryptos can impact them.
I think cryptocurre ...