IMF's Lagarde: Ignoring Cryptocurrencies 'May Not Be Wise'

The head of the International Monetary Fund (IMF) believes that cryptocurrencies may give traditional government-issued ones a "run for their money."

Speaking at a conference in London, IMF chief Christine Lagarde told attendees that she thinks "it may not be wise to dismiss virtual currencies."

Notably, she outlined possible scenarios in which a country – particularly those with "weak institutions and unstable national currencies" might actually embrace one more directly.

"Instead of adopting the currency of another country – such as the U.S. dollar – some of these economies might see a growing use of virtual currencies. Call it dollarization 2.0," she said.

Read more @ the source: https://www.coindesk.com/imf-head-christine-lagarde-it-may-not-be-wise-to-dismiss-virtual-currencies/