The G20 Summit began with a good note for crypto-enthusiasts, as the managing director of the International Monetary Fund, Christina Lagard, pointed out the need to integrate financial products with the latest technologies. In her opinion, this will contribute to further progress in the current digital era.
“Technology has always stimulated and will stimulate innovation in finance. The question is whether these innovations will benefit everyone or only the chosen ones. With the right treatment of the financial and technological sphere, the cost of using financial instruments may decrease, and millions of people will have the opportunity to improve their lives.
That is why I believe that we are all responsible for creating a secure, reliable, sustainable and financial system that is protected from criminal acts , ”said Lagard.
. @Lagarde : #fintech presents both peril and promise. It’s a sound, sustainable, and inclusive financial system. “The Next Steps for International Cooperation in Fintech” https://t.co/1jM3H4YUDp # G20 # G20Fukuoka pic.twitter.com/riV760masm
– IMF (@IMFNews) June 8, 2019
“ Cryptoactives have been used for several years now, but even among the G20 countries there is no consensus on the mechanisms of their regulation ,” she added.
That is why so many people have high hopes that the G20 summit participants will determine the future development of digital money by entering certain rules on cryptocurrency exchanges .
Publication date 11.06.2019
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