IMF Chief Christine Lagarde: We Should Be Open to Cryptocurrencies
The nominee to be the next president of the European Central Bank (ECB), Christine Lagarde, has said central banks and financial bodies should protect consumers but be open to innovations such as cryptocurrencies.
Lagarde, who is currently head of the International Monetary Fund, told the Economic and Monetary Affairs Committee of the European Parliament that central banks and financial regulators should embrace the opportunities presented by change.
Lagarde promised that, if she were to become ECB president, she would focus on making sure that institutions promptly adapt to the rapidly changing financial environment.
As Cointelegraph reported, Lagarde claimed in February that regulation of cryptocurrencies is “inevitable” and necessary on an international level.
In April, she said that blockchain innovators are “shaking the traditional financial world” and having a clear impact on incumbent players.