IMF's Georgieva says initial signs from US on digital deregulation are encouraging

By Andrea Shalal,
"There has been some overdose regulation in some cases," Georgieva said, citing what she called underwhelming economic growth in the last years. "So removing barriers for entrepreneurship and growth is a good thing."
Georgieva said moves to deregulate should be done carefully without creating financial and macroeconomic risks, but that initial signs from the
"What we heard so far from the administration, from the summit that took place in the
Georgieva said she hoped
"We feel that over-regulating technology-driven areas is a problem. Under-regulating is a risk, so finding the right balance is something that I also hope that the Fund can contribute to," she said.
President
Trump hosted a first-of-its-kind summit focused on his plans for a government-owned stockpile of digital assets at the
A major focus of the event was Trump's goal to build a strategic reserve containing bitcoin, which he has formalized in an executive order, which also called for a stockpile of other digital assets.
Industry executives said it was good to see the administration collaborating with companies after years in which some felt they were under attack over security and consumer protection issues.
(Reporting by Andrea Shalal in
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