“IMF Director Christine Lagarde hinted at the development of a digital currency, similar to the bitcoin, for the organization’s special drawing rights (SDR) mechanism to replace existing reserve currencies. The international finance organization has already begun exploring the possibility with an External Advisory Group discussion last December. Referring to a possible future situation along these lines, Lagarde said that the prospect of a digital currency as a replacement for reserve currencies that are part of the SDR was not ‘a far-fetched hypothetical.'”
Read more: http://www.investopedia.com/news/imf-chief-suggests-imfcoin-cryptocurrency-possibility/
Related posts:
Tracking Inflation: Consumer Price Index vs. MIT Billion Prices Project
For Bitcoin’s Biggest Believers, Digital Currency Is Better Than Gold
Pixar will make its 3D rendering software free for download
537 Taser-Related Deaths In The United States Since 2001
Overstock.com to Open Exchange for Legal Crypto-Asset Trading
Dairy industry opposes bills lifting restrictions on US raw milk sales
Uber, Lyft Want to Ban Personal Use of Self-Driving Cars in Urban Areas
New iOS flaw makes devices susceptible to covert keylogging
Junior Mining Stocks to Beat Previous Highs
Israeli Bombs Over Syria, Part Two
Why No Construction Workers Memorial Day?
Regulation Means The Bitcoin Gold Rush Will Not Happen In The US, Say Experts
Public Schools Preach War On Iran
Uruguay House Barely Passes Marijuana Legalization Bill
Senate About to Legalize NSA Logging of Every American's Phone Calls?