02169cas a2200349 a 4500 AALejournalIMF022593 230101c9999 xx r poo 0 0eng d 5.00 USD 9798400204005 1018-5941 BD-DhAAL BD-DhAAL Alnasaa, Marwa. Crypto, Corruption, and Capital Controls : Cross-Country Correlations / Marwa Alnasaa, Nikolay Gueorguiev, Jiro Honda, Eslem Imamoglu, Paolo Mauro. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (19 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Empirical investigation of the factors underlying the growing usage of crypto-assets is in its infancy, owing to data limitations. In this paper, we present a simple cross-country analysis drawing on recently released survey-based data. We explore the correlation of crypto-asset usage with indicators of corruption, capital controls, a history of high inflation, and other factors. We find that crypto-asset usage is significantly and positively associated with higher perception of corruption and more intensive capital controls. Notwithstanding the data limitations, the results support the case for regulating crypto-assets, including know-your-customer approaches, as opposed to taking a laissez-faire stance. Mode of access: Internet General Financial Markets imf Single Equation Models imf Single Variables imf Spatial Models imf Treatment Effect Models imf Gueorguiev, Nikolay. Honda, Jiro. Imamoglu, Eslem. Mauro, Paolo. IMF Working Papers; Working Paper ;No. 2022/060 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=060 IMF e-Library