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5 y

IMF Director Weighs In On Bitcoin & Central Bank Cryptos

Following on from an open stance to the always changing application that is blockchain technology, the Managing Director at International Monetary Fund (IMF), Christine Lagarde has spoken on the discussion surrounding the idea of central bank cryptocurrencies. She said that they should be considered and urged further to talk about the potential roles of central banks. On the 14th November, Lagarde spoke at a panel during the Fintech Festival in Singapore in which she opened up to the audience regarding the disruptive nature of technological change and said, “the key is to harness the benefits while managing the risks”. During her speech at the Fintech Festival, the managing director mentioned three areas for her address which included the roles of central banks in the new financial space, the constantly evolving nature of money and Fintech development and a look at the downsides and steps towards mitigation. Mentioning the bigger names in the space such as Ethereum, Ripple and Bitcoin, Lagarde believes that cryptocurrencies are looking to find a solid position in the world we live in today and are constantly reinventing themselves as they hope to search for more legitimate grounds through stable values including cheaper a quicker transactions transaction settlements. As said by Lagarde, the e-money providers consider themselves to be less risky than banks due to the fact that they don’t lend money and that digital currencies are looking to put more trust in technology. Nevertheless, she still remains sceptical and retains the belief that “proper regulations of these entities will remain a pillar of trust”. As reported by Bitcoin News, an article published earlier in the month by Lagarde made ground for the case for regulations that didn’t silence innovations and offered a good point for both in favour of cryptocurrencies and against them. Following the reveal of the latest IMF paper called ‘Casting Light on Central Bank Digital Currencies’ which looks into the good and bad of the concept, Lagarde said that “we should consider the possibility to issue digital currency. There may be a role for the state to supply money to the digital economy.” In other crypto news over the past day, the markets are in something of a slump… well, more of a crash in reality. Bitcoin is down 12 percent and has even gone below the $5,500 level. What are your thoughts? Let us know what you think down below in the comments!
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Shiba Inu Whales Exiting From Exchanges: Is This Bullish? On-chain data shows the Shiba Inu whales have been withdrawing from exchanges recently. Here's what this could mean for SHIB's price.
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Snek от Cardano и Bonk от Solana взлетели до новых высот — догонит ли их мемкоин от Ethereum Разбираемся, почему растут SNEK от Cardano, BONK от Solana и Meme Moguls от Ethereum. Кто окажется лидером в этой гонке
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Aave: Is a rally on the cards? In a recent post on X (formerly Twitter), on-chain analytics firm Santiment said that the price of Aave [AAVE] might not reflect the...
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Aave: Is a rally on the cards? In a recent post on X (formerly Twitter), on-chain analytics firm Santiment said that the price of Aave [AAVE] might not reflect the...
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Meme Coin Launches Advertising Blitz Get the latest crypto and stock market news. Stay up-to-date with the latest trends and developments.
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Минюст США обвинил создателей Federal Crypto Reserve в криптовалютном мошенничестве Министерство юстиции США обвинило двух человек, гражданина Австралии и жителя Калифорнии, в создании нескольких криптовалютных схем и краже у инвесторов $25 млн.
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Минюст США обвинил создателей Federal Crypto Reserve в криптовалютном мошенничестве Министерство юстиции США обвинило двух человек, гражданина Австралии и жителя Калифорнии, в создании нескольких криптовалютных схем и краже у инвесторов $25 млн.
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Минфин РФ предлагает экспортировать криптовалюту Министерству финансов России пришла идея — экспортировать добытую на территории страны криптовалюту так же, как экспортируют газ
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Major Japanese Exchange Adds Support for Shiba Inu (SHIB) Coincheck has announced the addition of Shiba Inu (SHIB) to its trading services
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Snek от Cardano и Bonk от Solana взлетели до новых высот — догонит ли их мемкоин от Ethereum Разбираемся, почему растут SNEK от Cardano, BONK от Solana и Meme Moguls от Ethereum. Кто окажется лидером в этой гонке
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U.S. CFTC Approves Bitcoin Futures Platform Bitnomial's Derivatives Clearing Application The commissioners discussed issues like conflict of interest before ultimately voting in favor of the margined bitcoin futures company.
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Coins

#
FAV
NAME
PRICE
Portfolio
1H
24H
7D
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1
Bitcoin
Bitcoin
BTC
$ 70 331
$ - - - - -
( - - - - - )
Set your amount
OK
0.00%
+0.55%
+5.90%
2
Ethereum
Ethereum
ETH
$ 3 561.41
$ - - - - -
( - - - - - )
Set your amount
OK
-0.13%
+0.49%
+0.91%
3
Tether USDt
Tether USDt
USDT
$ 1
$ - - - - -
( - - - - - )
Set your amount
OK
-0.01%
+0.04%
-0.01%
4
BNB
BNB
BNB
$ 606.87
$ - - - - -
( - - - - - )
Set your amount
OK
-0.70%
+3.44%
+5.28%
5
Solana
SOL
$ 186.27
$ - - - - -
( - - - - - )
Set your amount
OK
-0.48%
+0.73%
+3.45%
6
XRP
XRP
XRP
$ 0.617937
$ - - - - -
( - - - - - )
Set your amount
OK
-0.45%
+0.50%
-2.37%
7
USDC
USDC
USDC
$ 0.999963
$ - - - - -
( - - - - - )
Set your amount
OK
-0.01%
-0.02%
-0.02%
8
Dogecoin
Dogecoin
DOGE
$ 0.216310
$ - - - - -
( - - - - - )
Set your amount
OK
+0.72%
+9.21%
+35.75%
9
Cardano
Cardano
ADA
$ 0.645193
$ - - - - -
( - - - - - )
Set your amount
OK
-0.42%
+0.16%
+0.95%
10
Avalanche
AVAX
$ 53.96
$ - - - - -
( - - - - - )
Set your amount
OK
-0.30%
-0.57%
-3.37%
11
Shiba Inu
SHIB
$ 0
$ - - - - -
( - - - - - )
Set your amount
OK
-0.05%
+1.47%
+11.58%
12
Toncoin
TON
$ 4.88
$ - - - - -
( - - - - - )
Set your amount
OK
-0.49%
+0.46%
+13.28%
13
Polkadot
DOT
$ 9.56
$ - - - - -
( - - - - - )
Set your amount
OK
+1.09%
+0.80%
+2.83%
14
Bitcoin Cash
Bitcoin Cash
BCH
$ 579.66
$ - - - - -
( - - - - - )
Set your amount
OK
+1.05%
+7.55%
+39.04%
16
TRON
TRON
TRX
$ 0.120268
$ - - - - -
( - - - - - )
Set your amount
OK
-0.26%
+0.53%
-0.85%
17
Polygon
Polygon
MATIC
$ 0.993838
$ - - - - -
( - - - - - )
Set your amount
OK
-0.23%
-1.89%
-1.49%
18
Internet Computer
ICP
$ 17.38
$ - - - - -
( - - - - - )
Set your amount
OK
-0.43%
-3.17%
+32.14%
19
Uniswap
UNI
$ 12.71
$ - - - - -
( - - - - - )
Set your amount
OK
-0.19%
+2.28%
+5.44%
20
NEAR Protocol
NEAR
$ 7.06
$ - - - - -
( - - - - - )
Set your amount
OK
-0.23%
-3.11%
+7.32%
21
Litecoin
Litecoin
LTC
$ 94.47
$ - - - - -
( - - - - - )
Set your amount
OK
+0.62%
-1.23%
+10.08%