The managing director of the International Monetary Fund (IMF) has issued new comments on cryptocurrencies and distributed ledger tech (DLT).
In a speech today at a Financial Action Task Force (FATF) plenary meeting, Christine Lagarde talked broadly about how her organization is seeking to combat money laundering and terrorist financing, noting that blockchain innovations could be both a defense against these issues, as well as a tool that enables them.
“Of course, fintech is a double-edged sword. It can be used to promote and fund terrorism, including through the anonymity of virtual currencies. But it can also be a powerful tool to strengthen our defenses against the financing of terrorism,” Lagarde remarked.
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