Chief of the IMF, Christine Lagarde was interviewed yesterday regarding the cryptocurrency sector. When asked about regulations, she responded that they were "inevitable". Expressing that if cryptos were to succeed on an international level, regulations would be a necessity to ensure a stable platform.
She also discussed that people are looking for investments with a higher rate of return these days, even if that comes at a cost of speculation and more volatility. Also quoted calling the movement a "herd mentality", which probably isn't far off the mark.
One part I found interesting was the Chief talking about part of the crypto economy being driven by "dark activity", in her words. That is a stick that crypto get beaten with quite a bit and unfairly so in my opinion. Everything in the entire world can be used for negatives if there's a will to do so. Technically I could kill somebody with a chopstick, but that doesn't mean they should stop giving them out when I go for sushi. Even with the banks and governments and the IMF controlling fiat currencies and asset transfers, the world is rife with criminal activity. Hell, the same IMF Chief who I've quoted in this article was apparently convicted of criminal charges regarding the transactions of 400 million dollars! She got a slap on the wrist and is back to her day to day life. Pot... kettle... black... and all that.
Will be interesting to see how this movement ends up when the world big wigs are done with it. I think it'll settle far away from the totally decentralized, totally anonymous, free utopia of society, that it was first hatched as. That being said, it appears to be on the right track to wiggling its way into everyday life, both personal and business alike.
Sources: CNN-Money, CoinTelegraph