The International Monetary Fund (IMF) has introduced the REDI Framework, a comprehensive strategy aimed at guiding central banks in the adoption of Central Bank Digital Currencies…
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An IMF team is currently in Islamabad to discuss the release of the final $1.1B tranche. Meanwhile, the finance ministry’s premature verdict has sparked discontent, awaiting the IMF’s full review.
“As a crypto asset, Unicoin adopts monetary policies to ensure it sustains its store of value stronger than any fiat currency while simultaneously complying with banking regulations to strengthen monetary sovereignty,” states DCMA Executive Director, Darrell Hubbard.
Regulation should be mindful not to stifle innovation, and the public sector could leverage some of the underlying technologies of crypto assets for their public policy objectives.
“Regulation using technology will have to be so adept and nimble that it should not be behind the curve,” states Indian Finance Minister Nirmala Sitharaman.