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The International Monetary Fund (IMF) has declared its intention to use its continuous research and experimentation with blockchain as a "reference point" for its future technology policy in the comments of 12 November.
Speaking in a panel with Ripple CEO, Brad Garlinghouse, during the Singapore Fintech Festival 2018, IMF Assistant General Ross Leckow highlighted three areas in which the organization was "active" with regard to blockchain, cryptocurrency and more.
"The IMF is paying close attention to the fintech and in particular to the blockchain," he told the audience, continuing:
"But we think it's hard to talk about blockchain without considering it in the light of other new technologies that are part of the fintech debate."
For Leckow, these include artificial intelligence (AI), so-called distributed ledger technology (DLT), cryptoassets and many others.
He also underlined the ongoing research efforts being carried out at the IMF regarding cryptocurrency and blockchain, referring to the various documents published in recent years.
Banks and member governments, he added, show considerable interest in guidance on how to manage and regulate the emerging sector.
"Given the request for advice in this area, at our annual meeting in Bali last month, we and the World Bank jointly launched an initiative called the Bali Fintech agenda, which we believe is the first global picture of issues that countries need to reflect when we design politics around fintech, "said Leckow.
"This will be a & # 39; still for much of our work in the future."
The IMF has not been left without controversy over its position against the most disruptive elements of the cryptocurrency, which in September set themselves on fire for advising the Marshall Islands not to issue their own national cryptocurrency on anti-money laundering concerns.
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