Recently prominent global institution International Monetary Fund (IMF) reported calls for more regulation of crypto markets within Africa. Noteworthy is that the African region is among the one of the fastest growing markets around the world.
In a blog posted on 22nd November, IMF cited several reasons for its acknowledging crypto regulations.
Bankruptcy filing of FTX like behemoth crypto exchange raises concerns. The Bahamian crypto exchange’s collapse brought up a ripple effect that went on to make an impact on other crypto firms as well as cryptocurrency prices.
The expected fluctuations in crypto assets prices made the global institution to look over the matter. The recent calls for protection of retail investors and crypto users within the country through regulations.
In addition, the blog noted that the risks posed by the crypto assets are clearly visible and it seeks regulation. This way, a balance could be situated between risk and innovation from the burgeoning tech
We współpracy z: https://www.thecoinrepublic.com/2022/11/26/africa-needs-more-strict-crypto-regulations-imf-suggests/
