IMF-SEACEN Online Seminar on Crypto Ecosystem and Financial Stability Challenges

Venue :Online Seminars
Host Name :The SEACEN Centre
Date From :02 Nov 2021
Date To :02 Nov 2021

Descriptions


The Crypto Ecosystem and Financial Stability Challenges 

The crypto ecosystem continues its rapid growth. The IMF October 2021 Global Financial Stability Report discusses the latest developments and financial stability challenges, with a focus on emerging market and developing economies. Risks to consumers can arise from a lack of operational or cyber resilience associated with crypto asset providers. Anonymity and limited global standards create significant data gaps for regulators and pose risks to financial integrity. The advent of crypto assets has benefits but can accelerate cryptoization and circumvent exchange and capital control restrictions. The report concludes with a set of eight actionable policy recommendations. 
 

IMF speakers

  • Evan Papageorgiou, Deputy Division Chief, Monetary and Capital Markets Department, IMF
  • Dimitris Drakopoulos, Senior Financial Sector Expert, Monetary and Capital Markets Department, IMF
  • Nobuyasu Sugimoto, Senior Financial Sector Expert, Monetary and Capital Markets Department, IMF
 

The full report and key highlights are available here.