The cryptocurrency craze has finally taken hold as the International Monetary Fund (IMF) is announcing plans to build its own digital asset.
Condemning Crypto While Creating It
The news comes at an interesting time. Recently, managing director of the Fund Christine Lagarde explained that all things crypto were “shaking” up the system. She also described digital currency users as “disruptors.”
I think the role of the disruptors and anything that is using distributed ledger technology, whether you call it crypto, assets, currencies, or whatever… that is clearly shaking the system.
At the same time, the International Monetary Fund has released a report issuing new plans for a semi-cryptocurrency that it has dubbed “Learning Coin.” The currency is designed to give staff members a “better understanding of the goods, smart contracts and transparency, and bads, such as money laundering, of this technology.”
One can argue that Lagarde is taking a two-sided…
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