The IMF-FSB report cautions against a hurried blanket ban on cryptocurrencies, emphasizing potential economic and regulatory complexities. While acknowledging concerns like illicit activities and market volatility, the report underscores the need for a more balanced and thoughtful approach to cryptocurrency regulation. It highlights the dynamic and evolving nature of the digital asset space, urging regulators to consider strategies that promote financial stability without stifling innovation. The paper advises regulators to explore various regulatory tools and international cooperation to address concerns effectively. By avoiding a rushed ban, the report suggests that regulators can navigate the intricate crypto landscape while reaping the potential benefits of blockchain technology and digital currencies.