IMF Chief Lagarde: Global Cryptocurrency Legislation Is 'Inevitable'

Lagarde further explained that the regulatory leadership should be activity-based, focusing on “who’s doing what, and whether they are properly licensed and supervised.”

Lagarde, who’s the director of the business that aims to foster monetary stability, stated that the IMF’s worries over cryptocurrencies stem from their potential use in activities.
And last week, senior officials in Germany and France called to the G20 group of nations to discuss actions next month.

According to an earlier report by CoinDesk, throughout the Davos World Economic Forum in late January, several global leaders shared the Exact Same opinion, such as the U.K. Prime Minister Theresa May,   French President Emmanuel Macron along with the secretary of the U.S. Treasury Department Steven Mnuchin.
And that reinforces our decision to work on those two directions.”

It suggests the IMF may be going to be engaged in preventing the illegal use of cryptocurrency while the newest comments are mostly based on Lagarde views on cryptocurrency.

Christine Lagarde, head of the International Monetary Fund, has stated that global regulatory actions about cryptocurrencies is “inevitable.”
On several occasions, Lagarde has cautioned that cryptocurrencies called for collaboration among regulators that were global and should be taken. And she isn’t alone in expressing concerns over usage of cryptocurrency in financial offenses.

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In an interview with CNNMoney about Feb. 11, she explained:
Christine Lagarde image via Shutterstock