The head of the International Monetary Fund Christine Lagarde was buoyant about cryptocurrency in a blog post in support of the technology, published Monday, April 16.
The post, which comes roughly one month after Lagarde cautioned against the "Dark side" of cryptocurrency, sees the IMF leader focus on what she describes as the "Potential benefits" of "Crypto-assets such as Bitcoin."
"A judicious look at crypto-assets should lead us to neither crypto-condemnation nor crypto-euphoria," she writes.
"Understanding the risks that crypto-assets may pose to financial stability is vital if we are to distinguish between real threats and needless fears. That is why we need an even-handed regulatory agenda, one that protects against risks without discouraging innovation."
She continued, "A clear-eyed approach can help us harness the gains and avoid the pitfalls of the new crypto-assets landscape."
Lagarde's call for a balanced outlook on cryptocurrency comes at a time of increasing regulatory involvement in the industry, while traditional financiers continue to call Bitcoin a 'bubble' and pundits spy the start of a market surge.
IMF's Lagarde Counters Crypto Warnings With New Praise Of 'Potential Benefits'
Publicado en Apr 17, 2018
by Cointele | Publicado en Coinage
Coinage
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.