Not wise to dismiss virtual currencies like bitcoin: Lagarde
Christine Lagarde, MD of the International Monetary Fund (IMF), said, "it may not be wise to dismiss virtual currencies" as they may give existing currencies "a run for their money". Cryptocurrencies could become a better alternative to paper banknotes, she said. She added that global usage of IMF's in-house currency, the Special Drawing Right, could get boost from cryptocurrencies' growth.