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Recently, the official website of the International Monetary Fund (IMF) published an article calling for better regulation of the crypto market. The IMF article said that the collapse of crypto exchange FTX, and subsequent plunge in the prices of Bitcoin, Ethereum, and other major crypto assets, is prompting renewed calls for greater consumer protection and regulation of the crypto industry. Regulating a highly volatile and decentralized system remains a challenge for most governments, requiring a balance between minimizing risk and maximizing innovation. The risks are that much greater if crypto is adopted as legal tender—as the Central African Republic recently did. If crypto assets are held or accepted by the government as means of payment, it could put public finances at risk.

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【IMF: Crypto market needs better regulations】Recently, the official website of the International Monetary Fund (IMF) published an article calling for better regulation of the crypto market. The IMF article said that the collapse of crypto exchange FTX, and subsequent plunge in the prices of Bitcoin, Ethereum, and other major crypto assets, is prompting renewed calls for greater consumer protection and regulation of the crypto industry. Regulating a highly volatile and decentralized system remains a challenge for most governments, requiring a balance between minimizing risk and maximizing innovation. The risks are that much greater if crypto is adopted as legal tender—as the Central African Republic recently did. If crypto assets are held or accepted by the government as means of payment, it could put public finances at risk.

IMF: Crypto market needs better regulations

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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