IMF President Lagarde: Global cryptocurrency regulation “inevitable”

nComment: Recently, the International Monetary Fund (IMF) president Christina Lagarde (Christine Lagarde) said that the international community to take action to monitor cryptocurrencies “inevitable.” This may indicate that the IMF will be more actively involved in cracking down on the illegal use of cryptocurrencies and will mainly focus on both anti-money laundering and anti-terrorist financing.n
nTranslation: Clovern
Christine Lagarde, president of the International Monetary Fund, said international action to regulate cryptocurrencies is “inevitable.”n
As an international organization that aims to promote global financial stability, the International Monetary Fund (IMF), the president of the IMF, Lagarde said the IMF’s concern over cryptocurrencies is largely due to its possible application in illicit financial activities.n
In an interview with CNNMoney on February 11, she said:n
n”We are actively engaged in anti-money laundering and anti-terrorist financing, and the advent of cryptocurrencies strengthens our resolve to fight these two criminal activities.”n
nLagarde further explained that specific regulatory measures should be based on specific activities and focused on “who is doing, whether they are licensed and regulated.”n
This comment is consistent with Lagarde’s previous public statements on cryptocurrencies, which means that the IMF or will be more actively involved in cracking down on the illegal use of cryptocurrencies.n
She has warned on multiple occasions that cryptocurrencies should be taken seriously and calls for global regulators to establish cooperation. She was not the only one who expressed concerns about the impact of cryptocurrencies on cross-border financial crime.n
According to CoinDesk’s earlier reports, several global leaders expressed similar views at the World Economic Forum in Davos in late January, including Theresa May, prime minister of the United Kingdom, Emmanuel of France, Emmanuel Macron and U.S. Treasury Secretary Steven Mnuchin.n
Just last week, finance ministers from France and Germany called on G20 members to discuss issues of global cooperation in the area of ​​cryptocurrency regulation.n

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