IMF Managing director C. Lagarde in a speech at the Singapore Fintech Festival, indirectly talk about cryptocurrency.
She said central banks should consider the possibility of issuing digital currency. It can improve financial stability by reducing the risk of bank runs. She also points out that in fintech revolution. people expect money to be readily available for online and person-to-person use; integrated with social media; cheap and safe, and protected against criminals.
The full speech of C. Lagarde is available here: https://www.imf.org/en/Publications/Staff-Discussion-Notes/Issues/2018/11/13/Casting-Light-on-Central-Bank-Digital-Currencies-46233
Digital currency is the future of money whether it will be bank digial currency, Bitcoin, Etherium, Ripple so on...
Read the exclusive CNBC report here : https://www.cnbc.com/2018/11/14/central-banks-should-consider-issuing-digital-money-imf-boss-lagarde.html
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