Christine Lagarde, head of the International Monetary Fund, stated that international regulatory action on cryptocurrencies is "inevitable." Lagarde, also said that the IMF's concerns over cryptocurrencies stem largely from their potential use in illicit financial activities. In an interview with CNNMoney on Feb. 11, she said:
"We are actively engaging in anti-money laundering and countering the financing of terrorism. And that reinforces our determination to work on those two directions."