In April, she said that blockchain innovators are “shaking the traditional financial world” and having a clear impact on incumbent players. The digital currency sector needs proper regulation but also room to grow , according to Christine Lagarde , chair of the International Monetary Fund ( IMF ) . Financial institutions and regulators should recognize the changes being brought about by the disruptive technology and be proactive in making sure they conform to standards of economic stability , privacy and preventing criminal activity , Lagarde said when speaking to the economics committee of the European Parliament . The French lawyer is set to become the next President of the European Central Bank in November , where she has promised to ensure institutions are ready for the shifting financial climate .
The digital currency sector needs proper regulation but also room to grow , according to Christine Lagarde , chair of the International Monetary Fund ( IMF ) . Financial institutions and regulators should recognize the changes being brought about by the disruptive technology and be proactive in making sure they conform to standards of economic stability , privacy and preventing criminal activity , Lagarde said when speaking to the economics committee of the European Parliament . The French lawyer is set to become the next President of the European Central Bank in November , where she has promised to ensure institutions are ready for the shifting financial climate .