September 18, 2018 12:00 am

IMF endorses cryptocurrencies; says they don’t pose immediate danger

The Managing Director of the International Monetary Fund (IMF) has urged players in the financial sector to embrace the emergence of cryptocurrencies (virtual currencies), suggesting that, it could transform the way people save and invest.

Christine Lagarde said just as few technologies that emerged from the dot-com era have transformed lives, the crypto assets that survive could have a significant impact on how people save, invest and pay their bills.

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