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Christine Lagarde, managing director of the International Monetary Fund [IMF], spoke at the Kissinger conference in Foreign Policy and International Relations on changing scenarios in the economic and financial sectors and also addressed the growing need for cryptocurrency.
Lagarde, who is currently No. 3 of Forbes & Power Women 2018, said that the regulation of cryptocurrencies is important and should not be left completely in the hands of representatives or business sectors. She continued:
"I'm [corporate sectors] take care of the common good and your privacy and their data and have to do with your freedom. So government authorities, parliamentarians, must be involved. And they must be helped along the way for those who are not computer literate, those who feel completely unrelated to these digital transformations. "
Lagarde strengthened his statement by stating that it is the public's responsibility to include all related sectors such as the IMF or banks and to educate them on these technologies [blockchain].
He said that all important people such as engineers and corporations who understand the implications of data and how they influence the future must be informed about these technologies. He has declared:
"So there are many technologies that are not mastered and I do not, but having sufficient knowledge to understand the key principles that must be respected, is something that I believe falls on the shoulders of parliamentarians and governments because today they have the responsibility to represent the people ".
Christine Lagarde has recently illustrated in detail the advantages of Bitcoin [BTC], Ethereum [ETH] and cryptocurrencies in general. In a post on the IMF blog, Lagarde wrote:
"Just as some technologies that emerged from the dot.com era have transformed our lives, the cryptographic resources that survive could have a significant impact on how we save, invest and pay our bills."
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