Ban On Cryptocurrency Is Not Feasible, Developing Countries Should Regulate It Says IMF Chief Economist Gita Gopinath

Gita Gopinath on Cryptocurrency: The government is going to bring a bill in Parliament to ban cryptocurrencies in India. But Gita Gopinath, Chief Economist of International Monetary Fund is not in favor of banning cryptocurrencies. Gita Gopinath has said that cryptocurrencies need to be regulated and not banned. He has also stressed on making a global policy on cryptocurrencies.

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Cryptocurrencies need to be regulated, not banned

Gita Gopinath said that it is necessary for developing and emerging countries to regulate cryptocurrencies. Banning in these countries would be of no use as the crypto exchange is located in some other country. In such a situation, despite the restrictions, any person can easily trade in crypto. He said that no country can deal with this problem on its own because cross border transactions are done in it. He has made a global policy on cryptocurrencies but has issued. Gita Gopinath said these things during a lecture in the National Council of Applied Economic Research (NCAER).

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Gita Gopinath met PM Modi

Let us tell you that Gita Gopinath has come to India and on Wednesday she also met Prime Minister Narendra Modi. The Prime Minister’s Office has also tweeted pictures of the meeting between PM Modi and Gita Gopinath.

IMF’s deputy director

Gita Gopinath is going to take over as the Deputy Director of IMF from January 21, 2022.


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