Saturday, 14 October 2017

The IMF will create its own cryptocurrency?

Global digital currency may be a future option for the IMF. This was stated by the head of the fund, Christine Lagarde, during the forum organized by the English Central Bank. Lagarde hinted at the development of the cryptocurrency, which would be used for special rights issued by the IMF.
This currency can displace the reserve currencies used by the Fund.
The IMF has already begun to explore the possibilities of creating its own cryptocurrency with external consultants. Lagarde commented that replacing current reserve currencies with cryptocurrency is not such a far-fetched opportunity.
The IMF cryptocurrency may seriously endanger the domination of major reserve currencies, market forecasters predict.
According to experts, the creation of such a cryptocurrency could be backed by countries like China who would like to reduce the impact of the US currency as a reserve one.


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