IMF Head: Cryptocurrencies Might Give Fiat Currencies a “Run for their Money”

[kreslik.news]

Christine Lagarde, Managing Director of the International Monetary Fund, delivered a speech on Friday at the Bank of England conference ‘Independence 20 Years On’. She discussed cryptocurrencies, among other technologies that stand to change the world of finance in the next twenty years.

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While dismissive about their current state, the IMF head sounded like she recognized the potential of blockchain-based coins. Following are her comments on the subject in full:

[i]“Let us start with virtual currencies. To be clear, this is not about digital payments in existing currencies—through Paypal ... (read more)