6 months ago

Central banks all over the world should consider issuing cryptocurrencies, said Christine Lagarde, IMF head, on Tuesday in Singapore, BBC reports.

According to her digital currencies will make transactions more transparent.

“I believe we should consider the possibility to issue digital currency. Benefits are obvious. Your transaction should be instant, secure, cheap and potentially half anonymous. And central banks will keep their roles in providing such transactions”,

– claimed Lagarde.

She also noted that central banks of Canda, China, Sweden and Uruguay are already “seriously considering” issuing of digital currency.

According to Lagarde, virtual currency emitted by Central Bank will be a passive asset of the government and not private firms.

The more people get serviced, the cheaper and better the service will become. Private firms tend to pay not enough attention to security”,

– she added.

She also noted that despite the situation with crypto currencies being “not universal”, such option should be studied “seriously,  thoroughly and with creativity.”

Previously this week, deputy to the general legal adviser of IMF Ross Lekkov claimed that the experiments with blockchain conducted by the organisation will be put at the base of cryptoindustry regulation vector.