At the conference on digital currencies held in Seoul, the capital of South Korea, Georgieva pointed out that crypto assets are risky assets.
The founder of FTX, one of the leading cryptocurrency exchanges, was declared "guilty" in the fraud case. Reminding that the founder of Binance, the world's largest cryptocurrency exchange, also accepted money laundering charges after the discovery, Georgieva stated that the crypto industry has not had a bright reputation in the last 15 years.
Emphasizing that the effects of crypto assets should be taken into account if they become widespread, Georgieva said, "The challenge here is that high adoption of crypto assets may weaken macro-financial stability." made his assessment.
Georgieva said, "Our goal is to create a more efficient, interoperable and accessible financial system by providing infrastructure, using rules and some technologies to avoid the risks of crypto." he said.
Pointing out that the purpose of the rules is not to return the current situation to the pre-crypto world or to prevent innovation, Georgieva noted that good rules can encourage and direct innovation.
