IMF Chief Suggests IMFCoin Cryptocurrency as Possibility

“IMF Director Christine Lagarde hinted at the development of a digital currency, similar to the bitcoin, for the organization’s special drawing rights (SDR) mechanism to replace existing reserve currencies.  The international finance organization has already begun exploring the possibility with an External Advisory Group discussion last December. Referring to a possible future situation along these lines, Lagarde said that the prospect of a digital currency as a replacement for reserve currencies that are part of the SDR was not ‘a far-fetched hypothetical.’”

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