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$3,986.55
  • ethereumEthereum$136.58
  • rippleXRP$0.311375
  • tetherTether$1.00
  • eosEOS$3.62
  • stellarStellar$0.108526
  • litecoinLitecoin$59.16
  • cardanoCardano$0.057778
  • tronTRON$0.022592
  • moneroMonero$52.70
  • iotaIOTA$0.307502
  • nemNEM$0.049383
  • dashDash$89.99
  • neoNEO$9.15
What is Bitcoin?
The cryptocurrency industry is becoming more and more popular all around the world. Despite the fact that there are more than 1000 different cryptocurrencies and the number keeps growing, cryptocurrency is often associated with Bitcoin. Bitcoin is the first modern cryptocurrency in the world; it attracts thousands of users and investors from different countries. Millions […]
2019-03-20 0 41
Bitcoin, Ethereum, Ripple, Monero, Dash, Tron: major differences and features
Investors see different names of cryptocurrencies and the movement of their courses, but typically don’t even know why the digital coins are so popular. Most of us have already Googled “How to buy Bitcoin” or “How to sell Ethereum”. Cryptocurencies are becoming more and more popular: Bitcoin price is fluctuating and its value is not […]
2019-03-19 0 40
What is Blockchain?
“Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global’s initiative in being the first of many such projects to successfully launch” – Vitalik […]
2019-03-06 0 40
Anton Vokrug, the CEO of DataTrading, about the financial markets and cryptocurrencies
The topic of cryptocurrency regulation will be actual for several more years in Ukraine. The Government of Ukraine has already taken steps towards the adoption of relevant cryptocurrency-related laws. In particular, the Ukrainian officials work on the legalization of the project “The Concept of State Policy in the Field of Virtual Assets”. However, what does the regulation really mean […]
2019-02-27 0 142
© 2017–2018