• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    Cambodian Businessman Flees With $1.8B in Bitcoin

    Cambodian Businessman Flees With $1.8B in Bitcoin

    Chen Zhi Accused in $1.8B Bitcoin Heist

    Chen Zhi Accused in $1.8B Bitcoin Heist

    Bitcoin Adoption Gap and Institutional Potential

    Tom Lee: 95% of Investors Lack Bitcoin Exposure

    Tom Lee Reports Most Investors Lack Bitcoin Exposure

    Tom Lee Reports Most Investors Lack Bitcoin Exposure

    LuBian Wallet's $1.3B BTC Transfer

    LuBian Wallet Moves $1.3B in Bitcoin Post DOJ Action

    Bitcoin Whale Closes $500M Short Positions on Hyperliquid

    Bitcoin Whale Closes $500M Short Positions on Hyperliquid

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    Deribit Adjusts Fees, Launches XRP, Solana Options

    Deribit Adjusts Fees, Launches XRP, Solana Options

    Deribit Updates Fee Structure as SOL and XRP Go Live

    Deribit Updates Fee Structure as SOL and XRP Go Live

    Pi Network Introduces PiUSD Stablecoin Usage Limits

    Pi Network Introduces PiUSD Stablecoin Usage Limits

    Pi Network Confirms No PiUSD Stablecoin Yet

    Pi Network Confirms No PiUSD Stablecoin Yet

    Thumzup Media Integrates Dogecoin Rewards

    Dogecoin Payments Coming to Thumzup Platform

    Pi Network Readies DEX Launch, Market Awaits Confirmation

    Pi Network Readies DEX Launch, Market Awaits Confirmation

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

The IMF has Endorsed Cryptocurrencies

Joshua T. by Joshua T.
November 14, 2018
in Latest News
IMF Boss

Source: bitcoinist.com

A recent report made it known that the IMF has finally embracing cryptocurrency. This was made known through the recent statements made by Christine Lagarde, the Managing Director and Chairperson of the International Monetary Fund (IMF). The report made it known that the IMF Boss has advised central banks around the world to consider issuing digital currencies.

Statements from the IMF Boss

The IMF boss made it known that the role of a state in injecting money into the digital economy cannot be overlooked. As a result of this, it becomes paramount for the state to start considering the possibility of issuing a digital currency.
Lagarde has also backed her statements up with some benefits attached to doing this. She made this known in a recent speech she made in Singapore.

She stated that:

“The advantage is clear. Your payment would be immediate, safe, cheap and potentially semi-anonymous… And central banks would retain a sure footing in payments,”

She also spoke on some key benefits of doing this, which cover subjects such as, financial inclusion, customer protection, and privacy issue.

Regarding customer protection, she stated that:

“physical money was a check on the power of financial institutions. Without it, private payment providing companies would dominate. Such a system would tend towards monopoly, and make the economy too reliant on one pillar. Digital currency could prevent these issues by providing an alternative and back-up.”

As regards privacy issue, she stated that:

“Imagine that people purchasing beer and frozen pizza have higher mortgage defaults than citizens purchasing organic broccoli and spring water. What can you do if you have a craving for beer and pizza but do not want your credit score to drop? Today, you pull out cash. And tomorrow?”

Crypto is Not a Threat

The IMF boss also cited examples of countries already benefiting from being crypto-friendly.
Finally, she made it known that she doesn’t see cryptocurrency as a threat to financial stability. She also stressed the importance of regulating the industry.

Tags: Christine LagardeCryptocurrencyIMF
Previous Post

A New Strain of Cryptojacking Malware has been Uncovered by McAfee

Next Post

Ripple (XRP) Jumps Past Ethereum (ETH) to Clinch the 2nd Position

Joshua T.

Joshua T.

Related Posts

Ethereum Price Surge Not Linked to Official Statements

Ethereum Price Surge Not Linked to Official Statements

by Solomon M.
October 16, 2025

Understand Ethereum's potential amidst speculation on its price and market dynamics.

Unclaimed BNB Charity Fund Alerted by Coinbase Executive

Coinbase Exec Highlights Unclaimed $39M BNB Charity Fund

by Solomon M.
October 16, 2025

Coinbase raises alert on a $39M unclaimed BNB fund intended for Maltese charity due to administrative issues.

Paxos' PYUSD Minting Glitch: A Cautionary Tale for Stablecoins

Paxos Rectifies 300 Trillion PYUSD Minting Error

by Solomon M.
October 16, 2025

Accidental 300 trillion PYUSD tokens minted and burnt swiftly by Paxos, ensuring fund security.

U.S. Treasury Announces $4 Billion Debt Buyback

U.S. Treasury Executes $4 Billion Debt Buyback

by Solomon M.
October 16, 2025

The U.S. Treasury's $4 billion debt buyback aims to enhance market liquidity and stabilize securities.

U.S. Treasury $4 Billion Debt Buyback

U.S. Treasury Executes $4 Billion Debt Buyback

by Solomon M.
October 16, 2025

The U.S. Treasury conducts a $4 billion debt buyback to manage liquidity, impacting the bond market.

U.S. and South Korea Near Trade Deal Finalization

U.S. and South Korea Near Trade Deal Finalization

by Solomon M.
October 16, 2025

U.S. and South Korea are expected to finalize a trade deal soon, focusing on traditional finance and trade policies.

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.