IMF president said distributed books technology to prevent terrorism

nnnIn the recent meeting of the International Monetary Fund (IMF) Lagarde at a recent meeting on the digital currency and distributed books technology was evaluated, pointed out that the technology is a double-edged sword, although there is the danger of being used by terrorism, But also with some unique advantages to prevent terrorist financing. In line with the IMF recently released discussion records, the organization is clearly an objective exploration of the block chain, which will be conducive to the further development of the technology.n
nnTranslated by: Inan
nThe President of the International Monetary Fund (IMF) issued new comments on digital money and distributed book technology (DLT).n
nOn June 22, at the FATF plenary meeting, Cristina Lagarde spoke extensively about the IMF’s efforts to combat money laundering and terrorist financing and noted that the chain chain innovation Can lead to these illegal activities, but also to prevent these problems.n
n”Of course, financial technology is a double – edged sword that can be used to promote and finance terrorism, such as through the anonymous characteristics of virtual currency, but it can also be a powerful tool for further prevention of terrorist financing,” he said.n
nWhile DLT is a technology that supports digital money, it is also described as a way to make the financial system better resistant to attack, especially in coping with the use of computers to spread fear through cyber-terrorism.n
nLagarde told the participants:n
nn”This technology is less susceptible to a single failure and is proven to respond to cyber attacks because it has multiple copies of the book (transaction history).”n
nnLagarde also highlighted a new research report released by the IMF this week, with researchers discussing issues such as the digital currency issued by the central bank and the first token issue (ICO).n

Leave a Reply

Your email address will not be published. Required fields are marked *