IMF Chief Urges Policy Makers To Move Ahead of The Needless Fears Regarding Crypto Assets
IMF Managing Director Christine Lagarde wrote in her blog on Monday that policymakers should keep an open mind towards crypto assets and work towards an even-handed regulatory framework that minimizes risks and allows creativity to flourish.
Christine Lagarde said some tools built using the technology behind bitcoin, which are known collectively as crypto assets, hold the potential to revolutionize the world of high finance by making it faster, cheaper and safer. Among them, there are “real threats and needless fears”, she said.
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