The International Monetary Fund (IMF) has made some recommendations for draft regulations regarding the crypto ecosystem, covering crypto service providers, intermediaries, and investors. The IMF primarily emphasizes the licensing of crypto service providers and suggests that relevant institutions be registered and authorized based on international standards, so that crypto institutions can provide storage, transfer, trading, settlement and custody services similar to those in the traditional financial sector. Additionally, the IMF highlights the importance of keeping customers' assets and the company's own assets separate to avoid confusion and accountability in case of an asset malfunction. The IMF also stresses the need for strict regulations to ensure the transparency of all transactions within the ecosystem. Furthermore, the IMF also made some statements about stablecoins, noting that without proper oversight and regulation, stablecoins could destabilize a stable market.