The head of the IMF told about the potential advantages of cryptocurrencies

Home » ALTCOINS » The head of the IMF told about the potential advantages of cryptocurrencies
2018-04-19
The head of the IMF told about the potential advantages of cryptocurrencies

Recently Christine Lagarde, the Head of the International Monetary Fund (IMF) spoke about the potential risks of Bitcoin and other cryptocurrencies and admitted that they also have positive sides as well. As Kristin Lagarde writes in the IMF blog, you can quickly transfer any amount of money with the help of cryptocurrency, .

“Some payment services now make foreign transfers within a few hours, not days,” she noted.
According to Lagarde, the technology of distributed registries can help financial markets operate more efficiently, and in developing countries will ensure the observance of property rights, increase confidence in the market and promote investment.

The head of the IMF also believes that the cryptocurrencies will lead to the “diversification of the financial landscape,” which will improve the balance between “centralized and decentralized service providers and a financial ecosystem that will be more effective and potentially more resilient in countering threats.”

At the same time, Christine Lagarde emphasizes that cryptocurrencies still need to win “the trust and support of consumers and authorities.”

“An important first step will be to reach a consensus on the role of cryptocurrency assets. Since they know no borders, international cooperation will be important, “she said.
As noted Lagarde, “a reasonable view of assets in the crypto currency should not lead to either crypto-conviction or crypto-euphoria.”

In March, the head of the IMF said that regulators need to use blockchain-technology to “contain the danger that the cryptocurrencies themselves have in their favor.”

CRYPTOCURRENCIES
  • bitcoinBitcoin$3,607.66
  • rippleXRP$0.322199
  • ethereumEthereum$119.97
  • tetherTether$1.00
  • eosEOS$2.43
  • stellarStellar$0.106259
  • litecoinLitecoin$30.96
  • cardanoCardano$0.043839
  • tronTRON$0.024094
  • moneroMonero$44.56
  • iotaIOTA$0.309411
  • nemNEM$0.056061
  • dashDash$70.19
  • neoNEO$7.58
The complexity Bitcoin mining is growing
As a result of the next recalculation of the complexity of mining Bitcoin on the night of January 14, this figure increased by almost 5%. The complexity of mining is a parameter of the blockchain network, which shows how difficult it is to perform a mathematical calculation to find a new unit and, accordingly, to […]
2019-01-18 0 5
Bitcoin volatility fell by 98% over the year.
Since January last year, the first cryptocurrency volatility has decreased by 98%. So, if on January 16, 2018, this figure was $ 3,468, then a year later – only $ 61, notes CoinDesk Markets analyst Omkar Godboul. The daily volatility over the past year decreased from 9.1% to 3.6%, although on December 16, 2018 was […]
2019-01-17 0 8
Will Ethereum hard fork Constantinople be launched this week?
Ethereum, one of the largest and most influential blockchains in the world, is planning to improve its code in the near future. A massive system upgrade, or hardfork, called “Constantinople” will include a number of technological improvements called to enhance practicality and the architecture of smart contracts. The Ethereum community will make a final decision […]
2019-01-15 0 29
The Brit​ish citizen was trying to buy a gun with cryptocurrency
David Mitchell, a 48-year old British citizen, was arrested by the US police after an attempt to purchase a gun with cryptocurrency via the dark web. Mr. Mitchell was planning to buy a Glock 9mm pistol which costs around £2,000. The man explained to the court that he was curious whether it is possible to […]
2019-01-14 0 18
© 2017–2018