[2018-10-04] Head of IMF: Cryptocurrencies Poses Challenges to Financial System

[ICOTelegraph]

📌 Cryptocurrencies Poses Challenges to Financial System

Christine Lagarde ranked cryptocurrencies as one of the risky areas that could play a role in the future financial crisis. Head also notes that digital assets will significantly change people's lives.

“Despite [crypto's] potential benefits, our knowledge of its potential risks and how they might play out is still developing. Increased cybersecurity risks pose challenges for financial institutions, financial infrastructure, and supervisors.”

Financial technologies and cybercrime were designated as risky areas, however, “potential benefits” are also mentioned. Earlier, Lagarde expressed an opinion that "the crypto-assets that survive could have a significant impact on how we save, invest and pay our bills".

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[Kemarit]

Damn, another clickbait and the title is really misleading. You know what, Christine Lagarde, FYI, she has her own IMF blog, I urged you to check it out to see her latest post:

(https://blogs.imf.org/bloggers/christine-lagarde/)

I think she already said that it poses a challenge thingy around March, but she also quickly discusses the benefits of crypto specially Blockchain technology. This just shows what's the state of crypto journalism today, nothing but garbage and shit articles with no investigative work whatsoever.

[LeGaulois]

Lagarde is not a clean woman either. She has been sued for "negligence" in the arbitration case that was decided in favour Tapie 10 years back. She was near to be jailed. If she was in politic, probably she would be.
I remember her plan to use the blockchain technology to control the cryptocurrency world (irony as its finest)

[acheampong64]

Haha, that's surprisingly but in all ways I'm happy they've started feeling the impact of blockchain and crypto. They initially thought it wouldn't lead anywhere but everyone is slowly getting concerned. I bet you the next FOMO won't be from retail investors but it'll be from large institutions and companies and that's gonna drive the price cravingly high! Let's watch out!!!