IMF: Governments and Banks Should Setup and Control Their Own Cryptocurrencies11.36

Speaking at the Singapore Fintech Festival this week International Monetary Fund head, Christine Lagarde, said that governments and central banks should work towards setting up their own digital currencies.

She added that a central bank regulated system could become the starting point for rapid expansion into developing economies, reaching some of the world’s poorest without the risks of privately managed blockchains and cryptocurrencies.

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