IMF Chief Envisages Large-Scale Shift Towards Cryptocurrencies

[felixesteban]

The managing director of the International Monetary Fund (IMF), Christine Lagarde, dedicated a blog post on the IMF website to the benefits of cryptocurrencies on Tuesday. This positive post follows her other post last month which she outlined the drawbacks from her viewpoint. Citing that she previously “looked at the dark side of crypto-assets, including their potential use for money laundering and the financing of terrorism,” Lagarde proceeded to say:

Here, I want to examine the promise they [cryptocurrencies] offer. A judicious look at crypto-assets should lead us to neither crypto-condemnation nor crypto-euphoria.

IMF Chief Envisages Large-Scale Shift Away From Government Fiat Towards CryptocurrencyShe acknowledged the many cryptocurrencies in circulation and said, “it seems inevitable that many will not survive the process of creative destruction.” According to Coinmarketcap, there are currently 1,568 cryptocurrencies

https://news.bitcoin.com/imf-chief-large-scale-shift-away-from-government-fiat-towards-crypto/