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“Whereas a number of nations have fully banned crypto property given their dangers, this method will not be efficient in the long term,” The IMF mentioned in an internet site publish about curiosity in central financial institution digital foreign money (CBDC) adoption in Latin America and the Caribbean. “The area ought to as an alternative deal with addressing the drivers of crypto demand, together with residents’ unmet digital fee wants, and on enhancing transparency, by recording crypto asset transactions in nationwide statistics.”
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