IMF Managing Director Kristalina Georgieva calls for clear regulations and infrastructure to mitigate cryptocurrency risks and ensure financial stability.

At a Seoul conference, Georgieva emphasised the need for regulatory frameworks to manage the impact of crypto assets on macro-financial stability.

The IMF and South Korean government co-hosted the event, focusing on digital money regulation and central bank digital currencies (CBDC).

Seoul’s Finance Minister Choo Kyung-ho echoed Georgieva's views, emphasising the unstoppable transition to digital money and the need for global collaboration on policy standards.