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[LutherKing]

• The financial agency believes that cryptocurrencies have risks.
• IMF will seek an appropriate way to regulate the crypto market.

The cryptocurrency market will end with big regulation, according to the opinions left by the IMF. Recently the international monetary fund spoke about cryptocurrencies and why they should be regulated soon.

The financial agency believes that crypto-assets should be cracked down before a major economic problem occurs in various countries. These clarifications reopened the anti-cryptocurrency debates held by different entities in Asia and the United States.

The IMF called it offers no security is a bubble has higher returns but risky and made every point possible against the Crypto from markets to scam and hacks from currency created as memes no backing and so on on currencies that dump and pump

It insisted that all the markets should be regulated by legal effects from the soonest as possible to avoid worst scenarios

 

[Wisdom01]

Yeah regulation to be made is actually to aid more security ,but the problem is that not many love it been regulated ,it might actually remove that anonymity and make it centralised in that way ,this is the main reason many might not show the valid support in for cryptocurrency regulation

 

[Wisdom01]

Well I don't think regulating crypto currency market would definitely reduce the risk in crypto currency.
Yeah doh it seems the regulation would aid more security. This should be optional reasons being that not all would love it regulated. I think they should other means to take at reducing risk rate in crypto currency market.

If it's been regulated ,I think they might make it difficult for scammers to easily execute their plans , because cryptocurrency exchange platform would be licensed before they can easily carry out their service ,so putting regulation is good ,but not making it too much and adding unnecessary rules