Crypto Assets could be regulated soon?

Bitcoin is the world's most popular digital currency on the name of Crypto currency. In the last few years, this digital currency got popular in the world. There are many reasons for this, in which the important reason is It is not governed or regulated by any central authority or government. No rules and regulations have been made on this currency till now. This is the main reason why people show their interest in it. But soon this currency could be regulated soon. It is reported that soon rules will be implemented in the world on this virtual currency. Indian Finance Minister Nirmala Sitharaman has interacted with the managing director of the International Monetary Fund (IMF) through a virtual meeting and has discussed with the International Monetary Fund to create a precise system regarding crypto assets. Indian Finance Minister in conversation with IMF President Kristalina Georgieva has urged the multilateral funding agency to develop a globally coordinated approach to crypto assets.

On 9 Feb,2023 India's Finance Ministry tweeted from its official Twitter account that International Monetary Fund (IMF) managing director Georgieva also congratulated India for its strong economic performance in challenging global times and being at the forefront of digitization of the economy. Also recently the IMF has released the World Economic Outlook report. Based on this report , the global economy is estimated to be 3.1 percent in 2024. It was 3.4 percent in 2022 and 2.9 percent in 2023. This year the global economy rate will be very low. IMF has also warned of recession in the world in financial year 2023.

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