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Cryptos Are a Challenge for Emerging Markets, IMF Chief Economist Says -Breaking

by Mike Robinson

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IMF Chief Economist says Cryptos pose a problem for emerging markets
  • IMF chief economist Gita Gopinath speaks on cryptocurrency.
  • She says that crypto is a problem for emerging markets.
  • Gopinath believes that crypto needs to be regulated.

Most governments and world power have been discussing the topic of crypto regulation, as well as whether it poses a problem for emerging markets. Gita, the Chief Economist of International Monetary Funds (IMF), holds the same view about crypto.

She spoke out at the National Council of Applied Economic Research. According to her, cryptocurrencies pose a problem for emerging markets. According to her, it might seem that cryptos may be more attractive to emerging markets as compared to the developed ones.

But, she says that the people need to be aware that emerging markets are subject to capital flow control, exchange rate controls and cryptos.

My opinion is that cryptocurre…

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