Davos: IMF’s Lagarde Says Fintech Will Shake The System

International Monetary Fund Head, Christine Lagarde, told the World Economic Forum in Davos, “fintech is going to shake the system.” She also urged against relying on central banks in the next financial crisis, at the CNBC-hosted panel. Central Banks Have Very Limited Ammunition Her comments followed UBS CEO, Sergio Ermotti, saying that he hoped “we […]

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IMF: Crypto Growth ‘Could Create Vulnerabilities’ In Economy

The International Monetary Fund (IMF) briefly cautioned on the impact of cryptocurrency as part of a new report on global finances. Report Highlights ‘Sources Of Risk’ The body’s World Economic Outlook, highlighting “challenges to steady growth” going forward, suggested a relationship between cryptocurrency usage and the economy becoming more “vulnerable.” “Cybersecurity breaches and cyberattacks on […]

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