Governor of Saudi Central Bank Calls for IMF Oversight of Cryptocurrencies

Governor of Saudi Central Bank Calls for IMF Oversight of Cryptocurrencies



Ayman Alsayari, the governor of the Saudi Central Bank (SAMA), is advocating for the International Monetary Fund (IMF) to take a role in overseeing the cryptocurrency industry.



During a recent event in Marrakech, Morocco, where the IMF Annual Meetings were held from October 9-15, Alsayari emphasized the importance of effective supervision, regulation, and coordination in the realm of cryptocurrencies. He expressed support for the IMF's efforts, along with the Financial Stability Board, in addressing the risks associated with cryptocurrencies.



According to the Saudi Gazette, the G20 Roadmap, unveiled at the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting, includes plans for more stringent regulation of cryptocurrency activities.



The G20 Roadmap's objectives involve coordinating international policies, devising


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