Tuesday, 13 March 2018

International Monetary Fund says digital currency tech can be used against crypto criminals

Christine Lagarde has called for a crackdown on crypto-currencies, saying the technology can be used to "fight fire with fire".

The head of the International Monetary Fund says governments around the world could harness the technology to stop illegal activity.

The anonymity of currencies such as Bitcoin means they are used by criminals and terrorists, she said.

But the technology could be turned against such nefarious activities.

Regulators around the world have called for greater crypto-currency oversight.

BBC      News.