IMF Chief Backs India’s Demand For Global Regulations ‘So Crypto Does Not Become Like The Wild, Wild West’

Backing the Indian government’s demand for global collaboration for regulating cryptocurrencies, the International Monetary Fund (IMF) chief said that it would dedicate a team to work on the matter. What Happened: Managing Director Kristalina Georgieva said the IMF’s thoughts are aligned with India on the matter of regulating cryptos and agreed that there is a need for balancing the pros and cons of cryptocurrencies, such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE).