Christine Lagarde, the director of the International Monetary Fund, wants to take crypto-currencies under control with the help of their own technologies. She believes that governments of states can also take advantage of modern innovations in the fight against crime. In her opinion, the anonymity of digital coins is very beneficial to terrorists and criminals . But there is also the opportunity to turn the situation against them. Many countries are already doing their best to develop laws on crypto-currencies.
Using crypto criminals
Lagarde notes that although the technologies on which crypto-currencies are built are initially aimed at speeding up remittances and decreasing fees for them, the anonymity of crypto-trade is still troubling.
“What makes these technologies so attractive makes them very dangerous, too. they can become another means of money laundering and sponsoring terrorism, “she says.
At the same time, they can be used.
“Innovative digital asset technologies can also be used to regulate them,” Lagarde says. “Simply put, we can defeat the fire with fire and drive out criminals from cryptomir.”
The government of Great Britain defines the technology of the distributed registry, which is the basis for crypto-currency, as “an asset database that can be transmitted across the entire network of sites, regions and institutions.”
Lagarde believes that this technology “will help to accelerate the exchange of data between market participants and regulators.”
She adds: “With this technology, which allows instant transactions, we can create our own registries that contain verified user data along with electronic signatures.”
“And cryptography, biometrics and artificial intelligence will further enhance digital protection and help you to track suspicious transactions almost in real time.”
Regulation of Crypto-Currency
“Regulators should equally protect users who make transactions, both in the real world and in the virtual world,” Lagarde insists.
CryptoUK, an association of 7 companies in the UK, believes that regulation should be aimed at ensuring that “crypto users feel themselves at home in Britain.”
At the same time, they noted that it is impossible “simply to transfer laws from the non-digital area to this unique, still developing digital one.”
And that “only by working together we can eradicate criminal activity and understand the real value of these technologies.”
Appeal of Christine Lagarde
On March 13, she published a post on the “dark side” of the crypto industry, which touched upon the themes of terrorism, money laundering and economic instability, which, in her opinion, are directly related to the growing fashion for crypto-currencies .
In fasting, you can see her first thoughts, voiced in the fall, when she was just beginning to pour into the cryptoteum. By the present moment her knowledge has multiplied, but the position has not become more favorable. “What makes these technologies so attractive,” Lagarde writes, “makes them both dangerous.”
The post is available in Arabic, English, Japanese, Chinese and Portuguese. Obviously, they want to be read by as many people as possible. The IMF was formed after the Second World War, a major contribution to its formation was made by John Maynard Keynes. Now the fund – thanks to a reserve called special drawing rights, currently at just over $ 500 000 000 000 – helps in regulating the balance of payments to states in financial crisis.
t the end, it’s just trash. Ludicrous statements such as providing “the same protection of consumer rights in the cryptomir that exists in the real world,” “innovative technologies, crypto currency can also be used to regulate them,” statements about fire and so on. She wants to use the technology of the distributed registry to track users-that contradicts her own words about the danger of anonymity of crypto-currencies.
“More effective use of these technologies by governments will help to solve the problem of shortage of vital resources, and reduce the number of tax evaders, including those who transfer funds abroad. And cryptography, biometrics and artificial intelligence will further strengthen digital protection and help you to track suspicious transactions almost in real time. This will greatly accelerate the process of eradicating illegal activities carried out with the help of digital assets, “says Christine Lagarde.