IMF Chief Christine Lagarde Calls for Regulatory Support of Digital Currencies

http://www.europarl.europa.eu/cmsdata/186544/Opening%20Statement%20by%20Christine%20Lagarde%20to%20the%20ECON%20Committee-original.pdf


Says Lagarde,

“In this environment, central banks and supervisors need to ensure the safety of the financial sector, but also to be open to the opportunities provided by change.

In the case of new technologies – including digital currencies – that means being alert to risks in terms of financial stability, privacy or criminal activities, and ensuring appropriate regulation is in place to steer technology towards the public good. But it also means recognising the wider social benefits from innovation and allowing them space to develop.”