IMF Chief Christine Lagarde Says International Crypto Regulation Is ‘Inevitable’ And Necessary

International Monetary Fund (IMF) chief Christine Lagarde instructed CNNMoney yesterday, Feb.11, that rules of cryptocurrencies is “inevitable” and integral on an worldwide level.

When requested during an interview with CNNMoney rising markets editor John Defterios, about the growing reputation of crypto markets possibly being brought on by using a “starvation for high returns in the world markets,” Lagarde responded that the trend showed a “herd mentality” of those searching for excessive yield merchandise as nicely as an issue of speculation.

Lagarde brought that this vogue used to be also fueled through “dark activity,” a reference to the doable for cryptocurrencies to be used for money laundering and different unlawful on-line activities due to their anonymous nature.

Lagarde herself used to be convicted of crook prices in Dec. 2016 for facilitating an illicit switch of $400 mln between Nicolas Sarkozy and Bernard Tapie, though she has denied any wrongdoing.

As regards legislation of c