Cryptocurrencies are “clearly shaking the system” according the Managing Director of the International Monetary Fund. Christine Legarde states that the emerging crypto space must be monitored and regulated to limit the disruption caused to global stability.
The IMF chief opined following a panel at the IMF Spring Meetings, which were held in Washington yesterday. She called for financial regulation to move with fintech innovation. The changing business practices of the likes of JP Morgan is evidence that the crypto sector is already impacting the status quo.
IMF: Regulation Needed to Protect System from Crypto
Christine Legarde, the Managing Director of the International Monetary Fund, has warned that cryptocurrencies could be the catalyst to shake up the banking and finance industries. She spoke to CNBC yesterday regarding the disruptive technology and how it is already changing the way companies do business:
“I think the role of the disruptors and anything that is using…
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