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IMF head Christine Lagardeās positive comments on cryptocurrency appear to have inspired a U-turn in traditional finance circles.
Lagardeās suggestion that digital currencies could give fiat-based setups āa run for their moneyā provided a powerful alternative perspective to bankersā āfraudā accusations.
Lingham banker buddyās optimism
Now, well-known crypto industry figures such as Vinny Lingham are producing evidence that optimism from legacy money is still flowing.
Reproducing an exchange with a ābanker/finance friendā Monday, Lingham noted the ease with which he had changed his mind on ICOs.
From a banker/finance friend of mine who joined a startup last year, but has been very anti-Bitcoin/Blockchain for years! #truestory pic.twitter.com/7AYEhhH4wE
ā Vinny Lingham (@VinnyLingham) October 10, 2017
ā[ā¦] Now it just seems like easy money,ā he added.
IMF new role
For her part, Lagardeās āBrave New Worldā speech at the Bank of England Conference late September contained more clues to a future international regulatory stance on cryptocurrency.
āTo make things smootherāat least a bitāwe need dialogue,ā she said about cross-border regulatory efforts on fintech, including digital currency and decentralized technology.
āBetween experienced regulators and those regulators that are just beginning to tackle fintech. Between policymakers, investors, and financial services firms. And between countries.ā
The idea that the IMF could play a vital role in achieving a level playing field for disruptive technology and countering FUD from banking moguls such as JPMorganās Jamie Dimon and John Normand, provides much-needed support for the industry.
The post Christine Lagarde Convinced IMF Could Play Pivot Regulating Cryptocurrencies appeared first on Cryptos R Us.
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