Lagarde says tech should be used for crypto regulation
IMF managing director says it’s time to “fight fire with fire”
The head of the International Monetary Fund has suggested using the same technological innovations that underpin cryptocurrencies to help regulate them.
“To put it another way, we can fight fire with fire,” Christine Lagarde writes in a blog post on March 13.
Regulatory and supervisory technology can help “shut criminals out of the crypto world”, she says. While she expects these advances to take “years to refine and implement”, there are benefits to using the tech in the long term.
“Distribu
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