Every industry can be working a lot more effectively if there's a supervison on it which will be overlooking all the activities and calling out the things that may go wrong in the same aspect which is something that can be beneficial.
Saudi Central Bank has called for the IMF to be the one that can supervise the crypto industry and be the body that will be overlooking the activities in the sector and carry out all the necessary operations.
It's one thing if the IMF wants 2supervice CBDC activities. It's another for it 2B involved in cryptocurrency. Cryptocurrency is too important to be placed under IMF control. Cryptocurrency needs to be free and as decentralized as possible.
Every industry can be working a lot more effectively if there's a supervison on it which will be overlooking all the activities and calling out the things that may go wrong in the same aspect which is something that can be beneficial.
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Saudi Central Bank has called for the IMF to be the one that can supervise the crypto industry and be the body that will be overlooking the activities in the sector and carry out all the necessary operations.
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Check out this article where I've shared more about it, also drop your thoughts below,
Link - https://inleo.io/@sayu907/imfs-supervisory-roadmap-shaping-the-next-era-of-cryptocurrency-and-digital-assets
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It's one thing if the IMF wants 2supervice CBDC activities. It's another for it 2B involved in cryptocurrency. Cryptocurrency is too important to be placed under IMF control. Cryptocurrency needs to be free and as decentralized as possible.