<span style="font-weight: 400;">The <a href="https://www.imf.org/en/News/Articles/2023/02/23/pr2351-imf-executive-board-discusses-elements-of-effective-policies-for-crypto-assets" target="_blank" rel="nofollow noopener">IMF</a> Executives believe that a ban on digital assets should not be ruled out because the potential benefits from crypto assets have yet to materialise despite knowing the fact that this wouldn’t be ideal.</span>
<h3><span style="font-weight: 400;">Statement from IMF Board on Crypto, Ban Not Unlikely</span></h3>
<span style="font-weight: 400;">IMF Members are of the opinion that the ongoing adoption of digital assets already prevails significant risk. The stability of the global financial markets and the efficiency of fiscal policy could be impacted by a rise in crypto adoption.</span>

<span style="font-weight: 400;">The executives believe that the ban on digital assets is not the best way to proceed, besides they deem that targeted restrictions is a good way to have control over the industry. Somehow few members are still insisting that a complete ban should not be ruled out.</span>

<span style="font-weight: 400;">The supposed benefits from crypto<a href="https://www.cryptoknowmics.com/news/uk-government-amends-finance-regulatory-bill-to-add-new-crypto-rules/" target="_blank" rel="noopener"> assets</a> are yet to materialise though the risk of it has already started emerging. In accordance with the executive, the digital asset industry is in need of a comprehensive, consistent, and coordinated response.</span>
<h1><span style="font-weight: 400;">Digital assets sector facing hurdles: U.S.-led report on disaster risk</span></h1>
<span style="font-weight: 400;">The report emphasises the further development of digital assets and has emphasised the need to encourage innovation. Reports are reluctant to propose outright bans. As per most of the evaluations, the digital assets industry's string of disasters has remained limited to it due to a lack of coordination. Thus, there are rising adoption rates among traditional institutions as well as individual investors.</span>

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Imf Executive Board: Crypto Ban Isn't Ideal, But It's Not Impossible

The IMF Executives believe that a ban on digital assets should not be ruled out because the potential benefits from crypto assets have yet to materialise

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Imf Executive Board: Crypto Ban Isn't Ideal, But It's Not Impossible

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