‘Fight Fire with Fire’: IMF Chief Lagarde Calls for Blockchain-Powered Bitcoin Regulation
- Christine Lagarde, the IMF’s managing director, wrote in a Tuesday blog post that she believes regulators can use blockchain or other distributed ledger technologies (DLT) to regulate Bitcoin and other cryptocurrencies and prevent them from being used in connection with money laundering and other financial crimes.
- Elsewhere in the post, which bears the ominous title “Addressing the Dark Side of the Crypto World,” Lagarde explained that she believes DLT and other digital technologies can be used by financial regulators across the globe to “communicate seamlessly” and create registries of customer information and digital signatures that would be linked to biometric information.
- On Tuesday, Japan became the latest country to announce that it will formally call for G20 members to discuss international cryptocurrency regulations at the group’s upcoming finance summit.
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