Head of the International Monetary Fund Talks About the Benefits of Cryptocurrency

In 2017, cryptocurrency came into the mainstream spotlight.

World leaders are turning their attention to cryptocurrencies, including Christine Lagarde, the head of the IMF. In a recent blog post, she highlighted the benefits that cryptocurrencies bring to the table.

According to their about page, the IMF is composed of 189 countries looking to "Foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world."

Secure storage of important and sensitive records is a promising use of cryptocurrencies.

Prior to any form of government regulation or acknowledgment of digital assets, public opinion of cryptocurrencies was iffy - however, as governments and international institutions begin to recognize crypto, they are becoming more legitimate in the public eye.

Although many crypto investors are dreading governments imposing heavy taxes and enforcing strict regulations, it may not be the end of the world - in fact, government regulation may be beneficial in the long run.

Once cryptocurrencies are regulated by governments and backed by more traditional forms of currencies, people will feel safer investing in the new asset class.

As the head of the IMF, Lagarde's words weigh heavily on international monetary policy.

Her positive remarks are reassuring - hopefully, governments and citizens alike will continue to adopt a more positive opinion of cryptocurrency.

Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.