Banning cryptocurrency should be an option: IMF's Kristalina Georgieva

International Monetary Fund’s (IMF) Managing Director Kristalina Georgieva, on Saturday, backed India’s stance on private cryptocurrencies and other digital assets, and said that there is a need for a strong push on global regulation for such assets.

Speaking to reporters on the sidelines of the G-20 meeting of Finance Ministers and Central Bank Governors (FMCBG) in Bengaluru, Georgieva also said that there are some disagreements between the nations on the issue of debt restructuring of low and middle income countries.

“We have to differentiate between central bank digital currencies that are backed by the state and stable coins, and crypto assets that