IMF says banning crypto assets may not be effective long-term
Latin America and the Caribbean are leading the way in the adoption of digital assets, according to IMF research, with Brazil, Argentina, Colombia and Ecuador ranked among the top 20 for global adoption. El Salvador hit the headlines in 2021, giving bitcoin legal tender status. Other countries in the region are making significant progress in introducing CBDCs to enhance financial inclusion or lower cross-border payment costs, the IMF said.
WSJ2023/06/25 05:53
