IMF against making crypto legal tender, issues action plan

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IMF against making crypto legal tender, issues action plan
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The International Monetary Fund has made recommendations on how countries should handle crypto assets.

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The financial agency's Executive Board provided guidance to IMF member countries in the discussion of a paper, "Elements of Effective Policies for Crypto Assets." The top recommendation was to "safeguard monetary sovereignty and stability by strengthening monetary policy frameworks and do not grant crypto assets official currency or legal tender status."

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