{"id":11980,"date":"2025-02-18T07:44:00","date_gmt":"2025-02-18T07:44:00","guid":{"rendered":"https:\/\/uaenewsroom.com\/imf-flips-on-crypto-ban-as-us-embarks-on-crackdown\/"},"modified":"2025-02-18T07:44:00","modified_gmt":"2025-02-18T07:44:00","slug":"imf-flips-on-crypto-ban-as-us-embarks-on-crackdown","status":"publish","type":"post","link":"https:\/\/uaenewsroom.com\/en\/imf-flips-on-crypto-ban-as-us-embarks-on-crackdown\/","title":{"rendered":"IMF flips on crypto ban as US embarks on crackdown"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"img-wrap\"><img decoding=\"async\" src=\"https:\/\/imgengine.khaleejtimes.com\/khaleejtimes\/import\/images\/HaA_Fmg5NiGmrIqJqVcBeOtlgrk.jpg?width=1200&amp;format=auto\" alt=\"\"\/><\/div>\n<p>The International Monetary Fund has made a surprise U-turn on its stance on the cryptocurrency ban as the US and other major economies continue their crackdown.<\/p>\n<p>The IMF&#8217;s sudden flip on the crypto ban, warning it \u201cmay not be effective\u201d comes just months after suggesting banning as an option, because it would also prevent countries from gaining the associated benefits.<\/p>\n<p>\u201cWhile a few countries have completely banned crypto assets given their risks, this approach may not be effective in the long run,\u201d the IMF said in a website post about interest in central bank digital currency (CBDC) adoption in Latin America and the Caribbean. \u201cThe region should instead focus on addressing the drivers of crypto demand, including citizens&#8217; unmet digital payment needs, and on improving transparency, by recording crypto asset transactions in national statistics.\u201d<\/p>\n<p>The Washington-based Fund said earlier this year that outright crypto bans \u201cshould not be ruled out,\u201d and called for a&#8230;<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.khaleejtimes.com\/business\/imf-flips-on-crypto-ban-as-us-embarks-on-crackdown\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The International Monetary Fund has made a surprise U-turn on its stance on the cryptocurrency ban as the US and other major economies continue their crackdown. The IMF&#8217;s sudden flip on the crypto ban, warning it \u201cmay not be effective\u201d comes just months after suggesting banning as an option, because it would also prevent countries [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[126,2],"tags":[],"class_list":{"0":"post-11980","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business","7":"category-business-ar"},"_links":{"self":[{"href":"https:\/\/uaenewsroom.com\/en\/wp-json\/wp\/v2\/posts\/11980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uaenewsroom.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uaenewsroom.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uaenewsroom.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/uaenewsroom.com\/en\/wp-json\/wp\/v2\/comments?post=11980"}],"version-history":[{"count":0,"href":"https:\/\/uaenewsroom.com\/en\/wp-json\/wp\/v2\/posts\/11980\/revisions"}],"wp:attachment":[{"href":"https:\/\/uaenewsroom.com\/en\/wp-json\/wp\/v2\/media?parent=11980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uaenewsroom.com\/en\/wp-json\/wp\/v2\/categories?post=11980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uaenewsroom.com\/en\/wp-json\/wp\/v2\/tags?post=11980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}