IMF lays out crypto action plan, recommends against legal tender status

Published by
Reuters UK

By Marc Jones LONDON (Reuters) – The International Monetary Fund has laid out a nine-point action plan for how countries should treat crypto assets, with point number one a plea not to give cryptocurrencies such as bitcoin legal tender status. The global lender of last resort said its Executive Board had discussed a paper, “Elements of Effective Policies for Crypto Assets,” that provided “guidance to IMF member countries on key elements of an appropriate policy response to crypto assets.” Such efforts have become a priority for authorities, the fund said, after the collapse of a number of cryp…

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