{
  "title": "Regulation of Crypto Assets",
  "publication": "FinTech Notes, January 10, 2020",
  "sourceUrl": "https://www.imf.org/en/publications/fintech-notes/issues/2020/01/09/regulation-of-crypto-assets-48810",
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  "summary": "The rapid growth of crypto assets has raised questions about the appropriate regulatory perimeter and the ability of the existing regulatory architecture to adapt to changing conditions.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- The rapid growth of crypto assets has raised questions about the appropriate regulatory perimeter and the ability of the existing regulatory architecture to adapt to changing conditions.\n- Effective regulation of financial services promotes long- term economic stability and minimizes the social costs and negative externalities from financial instability.\n- The same underlying principles for regulation should apply to nascent products and services based on innovative technologies, notwithstanding design challenges."
    },
    {
      "heading": "Publication and authorship",
      "content": "- Authors: Cristina Cuervo, Anastasiia Morozova, Nobuyasu Sugimoto\n- Publication date: January 10, 2020\n- Series: Fintech Notes No 2019/003\n- Issue: 003\n- Volume: 2019\n- Pages: 26\n- DOI: https://doi.org/10.5089/9781513520315.063\n- Stock No: FTNEA2019003\n- ISBN: 9781513520315\n- ISSN: 2664-5912\n- Preview citation: Cristina Cuervo, Anastasiia Morozova, and Nobuyasu Sugimoto. \"Regulation of Crypto Assets\", FinTech Notes 2020, 003 (2019), accessed 7/29/2026, https://doi.org/10.5089/9781513520315.063"
    },
    {
      "heading": "Key subjects and keywords",
      "content": "- Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Blockchain and DLT, Crime, Economic sectors, Financial crises, Financial institutions, Fintech, Securities, Technology, Virtual currencies\n- Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Bali Fintech agenda, Blockchain and DLT, Fintech, FinTech note, FINTECH note, Global, IMF multimedia service, Securities, trading platform, Virtual currencies"
    },
    {
      "heading": "Core policy implications and considerations",
      "content": "- Regulators should assess and define the appropriate regulatory perimeter for crypto assets to ensure coverage of activities that could pose risks to financial stability and consumers.\n- Existing regulatory architectures may need adaptation to address changing conditions introduced by crypto assets and related technologies.\n- Principles of financial regulation—aimed at long-term economic stability and minimizing social costs and negative externalities—remain applicable to innovative fintech products and services, despite design and implementation challenges.\n\nInternational Monetary Fund — Regulation of Crypto Assets (FinTech Notes No 2019/003)\n\n---\n\n Content in this bundle\n\n- Regulation of Crypto Assets; Fintech Note 19/03\n  - Regulation of Crypto Assets; Fintech Note 19/03 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Regulation of Crypto Assets; Fintech Note 19/03 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/fintech-notes/issues/2020/01/09/regulation-of-crypto-assets-48810"
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    "Authors: Cristina Cuervo, Anastasiia Morozova, Nobuyasu Sugimoto",
    "Published: January 10, 2020",
    "Series: FinTech Notes",
    "DOI: https://doi.org/10.5089/9781513520315.063",
    "The rapid growth of crypto assets has raised questions about the appropriate regulatory perimeter and the ability of the existing regulatory architecture to adapt to changing conditions.",
    "Effective regulation of financial services promotes long- term economic stability and minimizes the social costs and negative externalities from financial instability.",
    "The same underlying principles for regulation should apply to nascent products and services based on innovative technologies, notwithstanding design challenges.",
    "Authors: Cristina Cuervo, Anastasiia Morozova, Nobuyasu Sugimoto",
    "Publication date: January 10, 2020",
    "Series: Fintech Notes No 2019/003",
    "Issue: 003",
    "Volume: 2019",
    "Pages: 26",
    "DOI: https://doi.org/10.5089/9781513520315.063",
    "Stock No: FTNEA2019003",
    "ISBN: 9781513520315",
    "ISSN: 2664-5912",
    "Preview citation: Cristina Cuervo, Anastasiia Morozova, and Nobuyasu Sugimoto. \"Regulation of Crypto Assets\", FinTech Notes 2020, 003 (2019), accessed 7/29/2026, https://doi.org/10.5089/9781513520315.063",
    "Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Blockchain and DLT, Crime, Economic sectors, Financial crises, Financial institutions, Fintech, Securities, Technology, Virtual currencies",
    "Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Bali Fintech agenda, Blockchain and DLT, Fintech, FinTech note, FINTECH note, Global, IMF multimedia service, Securities, trading platform, Virtual currencies",
    "Regulators should assess and define the appropriate regulatory perimeter for crypto assets to ensure coverage of activities that could pose risks to financial stability and consumers.",
    "Existing regulatory architectures may need adaptation to address changing conditions introduced by crypto assets and related technologies.",
    "Principles of financial regulation—aimed at long-term economic stability and minimizing social costs and negative externalities—remain applicable to innovative fintech products and services, despite design and implementation challenges.",
    "**Regulation of Crypto Assets; Fintech Note 19/03**"
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