IMF chief nominates Liao Min as deputy managing director to succeed Bo Li
- —Bo Li has served as IMF deputy managing director since August 2021
- —Bo Li led work on digital currencies, cross-border payments and stablecoin regulation
- —Liao Min has been China's deputy finance minister since 2018 and joined the PBOC monetary policy committee in 2023
- —The IMF did not specify Liao's future portfolio
Why it matters: A new overseer of digital currency and stablecoin work at the IMF could shift the global regulatory approach to digital assets.
Source: TokenPost