News > Crypto consumers at substantial risk given limited disclosure and oversight: IMF

Crypto consumers at substantial risk given limited disclosure and oversight: IMF

LiveMint | 03/10/2021 11:49 PM | Click to read full article

Crypto boom poses new challenges to financial stability and consumer protection risks remain substantial given limited or inadequate disclosure and oversight, according to the International Monetary Fund (IMF).

According to the fund, many of these entities lack strong operational, governance, and risk practices. Crypto exchanges, for instance, have faced significant disruptions during periods of market turbulence.