..

IMF's Lagarde Calls for Bitcoin Crackdown

Written by:
Guest
Published on:
Mar/13/2018

IMF chief Christine Lagarde says cryptocurrency’s own blockchain technology could be used to control it.

She says that failure of governments around the globe to harness bitcoin and similar cryptocurrencies could result in the unfettered development of a “potentially major new vehicle for money laundering and the financing of terrorism”.

Writing in an IMF blogpost, Lagarde said the same innovations that powered cryptocurrencies could be used to help regulate them. “We can harness the potential of crypto-assets while ensuring that they never become a haven for illegal activity or a source of financial vulnerability.”

Lagarde's remarks are doing little to help bitcoin recover from recent losses as the cryptocurrency traded just above the $9000 mark at 9:45 am EST Tuesday.

While Legarde referred to the anonymous digital currencies as exciting advances having the potential to revolutionise financial services by providing low-cost payment methods, she warned of the “peril that comes along with the promise”.

- Aaron Goldstein, Gambling911.com

Business/Financial News

MGM National Harbor Debuts “Casino Al Fresco”

MGM National Harbor Debuts “Casino Al Fresco”

Panoramic views of Northern Virginia married with the thrill of the next jackpot create a one-of-a-kind venue that can only be experienced at MGM National Harbor. Today, the integrated resort across the Potomac River from Washington, D.C. debuts an outdoor gaming terrace where guests can enjoy their favorite slot games in an unmatched setting.

Bitcoin Beat: BTC Nosedives, April 20 ‘Doge Day’?

Bitcoin Beat: BTC Nosedives, April 20 ‘Doge Day’?

Plus Calvin Ayre talks Bitcoin SV and why it is the most valuable blockchain network.

The Bitcoin White Paper: Combining and Splitting Value and Privacy

The Bitcoin White Paper: Combining and Splitting Value and Privacy

Dr. Craig S. Wright and Ryan X. Charles continue the video discussions in a series exploring the Bitcoin White Paper line-by-line. The next section tackles the principles of combining and splitting value as well as looking at how privacy relates to Bitcoin.

Coinbase Goes Public, Exposure to Regulatory Danger?

Coinbase Goes Public, Exposure to Regulatory Danger?

Coinbase is making its initial public offering of stock April 14 and this has helped push the price of Bitcoin up to near $64,000 as of Wednesday morning.

Sudan Embraces the Blockchain, Arizona One Step Closer to Sports Betting

Sudan Embraces the Blockchain, Arizona One Step Closer to Sports Betting

The Bitcoin Association and the BSV delegation was welcome by the Sudan government last week in an effort to implement blockchain technology and this week Arizona was well on its way to becoming the next US state to legalize sports betting with only the Governor's signature needed.

Syndicate