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IMF Report Addresses Regulatory Issues and Risks Around Digital Assets, Highlights Crypto Bans Led by Regulators

June 23 (Cointime) - The US SEC is facing criticism for its enforcement actions against major crypto firms and leaders, with some accusing the regulator of not providing clear rules and taking harmful actions against the industry.

Meanwhile, the IMF has issued a report highlighting the need for regulators to manage risks around digital assets, including by focusing on users' digital payment needs and improving transparency.

The report also notes that some countries have banned crypto assets entirely, which could prove to be a mistake in the long run. The SEC's recent lawsuits against Binance and Coinbase, as well as its classification of many crypto assets as securities, have triggered a sell-off in the market.

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