The president of the European Central Bank (ECB), Christine Lagarde, has thrown her weight behind the bank’s active involvement in the development of a central bank digital currency (CBDC) to address the demand for faster and cheaper cross-border payments. Speaking…
IMF Head: We Should be Open to Cryptocurrencies
Outgoing IMF Head Christine Lagarde, believes financial institutions such as Central banks and other financial bodies should remain vigilant in protecting consumer interests while at the same time being open to innovations like cryptocurrencies. The outgoing International Monetary Fund (IMF)…
The IMF Backs Further Exploration of State Backed Digital Currencies
The chairman of the international monetary fund (IMF) Christine Lagarde has encouraged the exploration central bank of digital currencies (CBDCs) amid declining demand for cash and an increased demand for virtual money. Speaking at the Singapore Fintech festival, Lagarde said…