Topic: IMF Urges Banks to Invest In Cryptocurrencies The International Monetary Fund is (Read 364 times)
June 26, 2017, 10:49:58 PM
How is this an explanation that cryptocurrencies are going down?
June 26, 2017, 10:34:29 PM
Next time post the link and at least a summary of the story.
In order to be willing to enter into this world, regulatory authorities will likely need reassurance that risks including cyberattacks, money-laundering, and terrorism support can be mitigated without harming the innovative progress of the digital currency world. To do this, the authors believe that regulators might need to increase their attention on activities and that governance will need to be strengthened. If all of these things take place, the IMF authors believe that banks could integrate cryptocurrencies successfully.
http://www.investopedia.com/news/imf-blockchain-banks-invest-cryptocurrency-blockchain/
The IMF will have their hands full if they want to regulate the use of cryptocoins with the intention of also encouraging its use. There are 3 items that should be maintained for a coin to be successful. They are privacy, immutablity and it should be allowed to flow freely without borders. Mitigating the criminal use of cryptcoins will require the regulators to take away those items.
In order to be willing to enter into this world, regulatory authorities will likely need reassurance that risks including cyberattacks, money-laundering, and terrorism support can be mitigated without harming the innovative progress of the digital currency world. To do this, the authors believe that regulators might need to increase their attention on activities and that governance will need to be strengthened. If all of these things take place, the IMF authors believe that banks could integrate cryptocurrencies successfully.
http://www.investopedia.com/news/imf-blockchain-banks-invest-cryptocurrency-blockchain/
The IMF will have their hands full if they want to regulate the use of cryptocoins with the intention of also encouraging its use. There are 3 items that should be maintained for a coin to be successful. They are privacy, immutablity and it should be allowed to flow freely without borders. Mitigating the criminal use of cryptcoins will require the regulators to take away those items.
June 26, 2017, 08:57:51 PM
Ooooo so this is why everything is going down... ok I get it. Hodling 
A June 2017 staff discussion note from the International Monetary Fund (IMF) suggests that banks should consider investing in cryptocurrencies more seriously than they have in the past.
SOURCE: http://www.investopedia.com/news/imf-blockchain-banks-invest-cryptocurrency-blockchain/
A June 2017 staff discussion note from the International Monetary Fund (IMF) suggests that banks should consider investing in cryptocurrencies more seriously than they have in the past.
SOURCE: http://www.investopedia.com/news/imf-blockchain-banks-invest-cryptocurrency-blockchain/
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