The International Monetary Fund (IMF) has stated that banning crypto assets may not be an effective long-term strategy for managing risk. Instead, the IMF recommends addressing the drivers of crypto demand, such as citizens' unmet digital payment needs, and improving transparency by recording crypto asset transactions in national statistics. The IMF's evolving stance reflects a recognition of the varying risks associated with cryptocurrencies and the need to balance risk mitigation with leveraging the potential benefits of technological innovation. In Latin America and the Caribbean, countries are leading the way in adopting digital assets, with some actively exploring central bank digital currencies (CBDCs) to enhance financial inclusion and reduce cross-border payment costs. The IMF's recommendations align with the region's efforts to manage crypto risks while harnessing their transformative potential.

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