Bitcoin tools could make finance system safer, says IMF boss
by Richard Partington from Technology | The Guardian on (#3MWFE)
Christine Lagarde believes revisiting crypto-assets could 'harness gains and avoid pitfalls'
The advance of bitcoin and other digital currencies could make the global financial system safer despite the prospect of "inevitable" accidents waiting to happen, the head of the International Monetary Fund has said.
Christine Lagarde said some tools built using the technology behind bitcoin, which are known collectively as crypto-assets, hold the potential to revolutionise the world of high finance by making it faster, cheaper and safer. Among them, there are "real threats and needless fears", she said.