Regulating crypto assets essential, banning may not work: Gita Gopinath

IMF chief economist Gita Gopinath has said emerging economies should regulate crypto assets rather than a complete ban.

Emerging countries may benefit from regulating crypto assets rather than imposing a complete ban, according to International Monetary Fund (IMF) chief economist Gita Gopinath.

The 50-year-old leading economist, who will soon take charge as the first deputy managing director of the IMF, also expressed the urgent need for a global policy on cryptocurrency, given the growing demand for the virtual asset around the globe.