Christine Lagarde, head of the IMF said some tools built using the technology behind bitcoin, which are known collectively as crypto-assets, hold the potential to revolutionize the world of high finance by making it faster, cheaper and safer. Among them, there are “real threats and needless fears”, she said.
According to Lagarde, the advance of bitcoin and other digital currencies could make the global financial system safer despite the prospect of “inevitable” accidents waiting to happen.
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