She does state some valid points and I do feel that majority of the governments around the world will try their best to regulate crypto and will always fail at the end no matter what since crypto is something which simply cannot be regulated and this is the short answer. History validates my points.
Why hasn't a single government been able to successfully regulate bitcoin till now? Its almost a decade since bitcoin was introduced into this world and it has clearly proven itself as an unstoppable force. No government in this world can ever regulate the phenomenon known as bitcoin.
Topic: cryptocurrency regulation, whats your take? (Read 55 times)
International Monetary Fund chief Christine Lagarde says it's only a matter of time before cryptocurrencies come under government regulation.
"It's inevitable," she told CNNMoney emerging markets editor John Defterios. "It's clearly a domain where we need international regulation and proper supervision.""There is probably quite a bit of dark activity [in cryptocurrencies]," she added at the World Government Summit in Dubai on Sunday.
Lagarde said that the IMF is actively trying to prevent digital currencies from being used to launder money or finance terrorism. But she argued that regulators need to focus less on entities, and more on activities -- who is doing what, and whether they're properly licensed and supervised. Do you agree with Lagarde?
"It's inevitable," she told CNNMoney emerging markets editor John Defterios. "It's clearly a domain where we need international regulation and proper supervision.""There is probably quite a bit of dark activity [in cryptocurrencies]," she added at the World Government Summit in Dubai on Sunday.
Lagarde said that the IMF is actively trying to prevent digital currencies from being used to launder money or finance terrorism. But she argued that regulators need to focus less on entities, and more on activities -- who is doing what, and whether they're properly licensed and supervised. Do you agree with Lagarde?
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