IMF, FSB release joint policy recommendations for crypto assets at request of G20

It does not set or establish new policies, suggestions or expectations for appropriate authorities.Policy action suggestions to implications of crypto properties. When it comes to DeFi procedures, the paper argued that while the processes utilized to offer DeFi services might be various from standard monetary platforms, DeFi “does not vary substantially from the tranditional monetary system in the functions it carries out. The IMF said that rather of prohibiting crypto, various authorities should focus on resolving what drives the need for crypto, including the customers requirements for digital kinds of payment.Magazine: DeFi faces stress test, DoJ fears run on Binance, Hong Kongs crypto trading: Hodlers Digest