IMF’s Lagarde Warns Banks: Cryptocurrencies Will Bring “Massive Disruptions”

IMF’s Lagarde Warns Banks: Cryptocurrencies Will Bring “Massive Disruptions”

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The head of the International Monetary Fund (IMF) has stated that central banks and banking providers should start taking cryptocurrencies seriously. Christine Lagarde, managing director of the IMF was speaking to media at the IMF Annual Meetings in Washington D.C when she said global financial giants risk being blindsided by new financial innovations like cryptocurrencies. Speaking to CNBC , Lagarde stated: I think we are about to see massive disruptions. “The ways in which new technologies are lowering the cost to make financial transactions more accessible, […]