IMF’s Christine Lagarde urges banks to quickly create their own cryptocurrencies to compete with Bitcoin
"Speaking in Singapore, Ms. Lagarde said with central banks creating their own cryptocurrencies, transactions and transfers will be safer, and this could help stand against cryptocurrencies such as Bitcoin. She voiced out that non-cash payments have been on the rise lately and is now proving to be a challenge to governments and central banks.
“I believe we should consider the possibility to issue digital currency… There may be a role for the state to supply money to the digital economy” ...
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