The executive board of the International Monetary Fund (IMF) has assessed a paper on crypto asset policy published by the fund and expressed its agreement with its proposed policy framework. The paper, titled “Elements of Effective Policies for Crypto Assets,” developed a framework of nine policy principles that addressed macrofinancial, legal and regulatory, and international coordination issues.

The proposed principles were mainly quite broad, emphasizing analysis, monitoring and guarding. The paper explicitly says the proposals should be taken up by “the Directors.” The first principle did contain a concrete injunction, reading:

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