The global economy is continuing to change at a fast pace, and so is its attitude towards cryptoassets. The IMF’s managing director, Christine Lagarde’s latest blog post on cryptoassets shows a shifting perspective towards digital currencies as well.
Christine Lagarde is a notable lawyer and politician. She is currently serving as the Managing Director of the International Monetary Fund since her re-appointment in 2016. Lagarde held various powerful ministerial positions in the French government. She was ranked 8th in Forbes’s World’s 100 Most Powerful Women list, 2017.
In her post,” An Even-handed Approach to Crypto-Assets”, she talks about the potential benefits of crypto trading. Lagarde carefully listed the benefits of virtual currencies in the modern world. DLT (Distributed Ledger Technology) is a potent medium which can bring about changes in the existing financial system. The Australian Securities Exchange already plans to use DLT for managing equity transactions. DLT can also be used for securely storing records.