Crypto trade growing in Asia; IMF issues this warning
Updated: 23 Aug 2022, 09:08 AM IST
TL;DR.In a blog titled 'Crypto is More in Step With Asia's Equities, Highlighting Need for Regulation' said, the IMF said that few parts of the world have embraced crypto assets like Asia -- where top adopters include individual and institutional investors from India to Vietnam and Thailand - which raises the important issue of the extent of integration of crypto into the financial system in the region.
FILE PHOTO: Representations of cryptocurrencies in this illustration taken January 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo