{"id":176521,"date":"2023-10-18T16:24:42","date_gmt":"2023-10-18T10:54:42","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=176521"},"modified":"2023-10-18T16:24:42","modified_gmt":"2023-10-18T10:54:42","slug":"imf-director-urges-financial-inclusion-via-digitalization-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/imf-director-urges-financial-inclusion-via-digitalization-crypto-news\/","title":{"rendered":"IMF director urges \u2018financial inclusion\u2019 via digitalization – Crypto News"},"content":{"rendered":"
\n

During her opening speech<\/a> at the International Monetary Fund\u2019s (IMF) seminar on financial inclusion in Marrakesh, Morocco, IMF Managing Director Kristalina Georgieva said digitalization is \u201cthe most important way\u201d to scale up financial inclusion.\u00a0<\/p>\n

\u201cIt is digital that moves help to people, investment and ability of the economy to accelerate,\u201d Georgieva said, citing digital cash transfers in the African nation of Togo put in place during the COVID-19 pandemic. She urged for comprehensive national strategies for financial inclusion but reminded the audience about the financial stability risks, which often correlate with digitalization. <\/p>\n

Related: <\/em><\/strong>Retail CBDCs bring unknown \u2018consequences\u2019 to financial system \u2014 IMF director<\/em><\/strong><\/a><\/p>\n

The IMF has recently been active in its analysis of necessary crypto regulations. On Sept. 29, it proposed a crypto-risk assessment matrix (C-RAM) for countries to spot indicators and triggers of potential risks<\/a> in the sector. <\/p>\n

The IMF\u2019s Synthesis paper \u2014 jointly prepared with the Bank for International Settlements (BIS) \u2014\u00a0was unanimously adopted<\/a> by the \u201cG20 Finance Ministers and Central Bank Governors Communique\u201d in October. <\/p>\n

The paper advocates for comprehensive oversight of crypto instead of a blanket ban. Its high-level recommendations include cross-border cooperation and information sharing between regulators, a demand for comprehensive governance and risk management frameworks for crypto companies, and a guarantee of access to relevant data provided by companies to the authorities. <\/p>\n

Collect this article as an NFT<\/a><\/em><\/strong> to preserve this moment in history and show your support for independent journalism in the crypto space.<\/em><\/em><\/p>\n

Magazine: <\/em><\/strong>Beyond crypto. Zero-knowledge proofs show potential from voting to finance<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

During her opening speech at the International Monetary Fund\u2019s (IMF) seminar on financial inclusion in Marrakesh, Morocco, IMF Managing Director Kristalina Georgieva said digitalization is \u201cthe most important way\u201d to scale up financial inclusion.\u00a0 \u201cIt is digital that moves help to people, investment and ability of the economy to accelerate,\u201d Georgieva said, citing digital cash […]<\/p>\n","protected":false},"author":2,"featured_media":176522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-176521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=176521"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176521\/revisions"}],"predecessor-version":[{"id":176524,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176521\/revisions\/176524"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/176522"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=176521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=176521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=176521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}