Posts Tagged: Federal Reserve Bank

IMF Chief: Cryptocurrencies Will Give Banks ‘a Run for Their Money’

Christine Lagarde Cryptocurrencies

The head of the International Monetary Fund (IMF) has said cryptocurrencies may eventually give traditional banking systems ‘a run for their money.’ Speaking at a Bank of England conference at the end of September, Christine Lagarde, the managing director of the IMF, said that ‘it may not be wise to dismiss virtual currencies.’ She added, however,… Read more »