Cyrpto assets was architected to work as a trust-building mechanism on decentralized networks. But the more recognition it receives, the more problems are exposed. These problems contribute to the public distrust regarding the new system, and make us consider introducing relevant regulations, at least at the level of each country.
Such measures will need more work, however, particularly in terms of international cooperation. Even at this early stage of their development, crypto assets make cross-border payments possible without resorting to financial intermediaries. There are various capital channels associated with crypto assets. The rise of crypto assets will complicate the management of capital flows; therefore, a higher level of international coordination will be required.