G20 Summit started on a good note for the crypto fans as Christine Lagarde, MD of International Monetary Fund, focused on integrating financial products with the latest technology to move forward in the digital era.
“Technology always has, and always will, spur innovation in finance. The question is whether these innovations will benefit all, or only a select few. If handled correctly, fin-tech can cut the cost of utilizing financial tools and enable millions to fulfill their aspirations of building a better life. That is why I believe it is our shared responsibility to create a safe, sound, sustainable and inclusive financial system, protected from criminal abuse.”
.@Lagarde: #fintech presents both peril and promise. It is our shared responsibility to create a safe, 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
“Crypto-assets have been in use for several years, but even among the countries of the G20, there is no consensus on their regulatory treatment.”
G20 Summit members may choose the fate of digital money by figuring a uniform, worldwide administrative system on crypto-trading exchanges.
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