05/09/19 04:53 UTC-4

IMF head Lagarde urged central banks not to exert pressure on cryptocurrencies

CryptocurrencyChristine Lagarde advocates for cryptocurrencies
Christine Lagarde advocates for cryptocurrencies

Christine Lagarde, candidate for president of the European Central Bank, published a statement in Economic and Monetary Affairs Committee of the European Parliament, which outlined the principles that would determine her approach if her nomination was successful. 

 

Christine Lagarde about cryptocurrencies

In her statement, Lagarde notes that while central banks should “ensure the security of the financial sector,” they should also be open to “the opportunities that cryptocurrencies represent.”

In particular, Lagarde recognizes that digital currencies are an area of ​​innovation:

“New technologies, including digital currencies, are bringing about big changes, but you need to be careful about the risks associated with financial stability, privacy and criminal activity, and ensure proper regulation to channel technology to the public good.”

“But it also means recognizing the wider social benefits of innovation and providing them with opportunities for development.”

Interesting in the section: Cryptocurrency taxes – what is it and how will it affect the financial market

 

 

Editor: Yuliya Soroka

See also: "Users can now deposit cryptocurrency into their FanDuel accounts"

#IMF #Christine Lagarde #cryptocurrencies

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