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Tag: Christine Lagarde

IMF head says financial reforms are necessary to avoid the next big crisis

Financial reforms are needed to avoid the next big crisis, the head of the International Monetary Fund has warned, though the recent sharp swings on the markets are not in themselves a cause for alarm, she said. As rattled investors await a key US inflation report due on Wednesday, IMF managing director Christine Lagarde said […]

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Cryptocurrencies need ‘serious supervision’ – May

The risk that cryptocurrencies can be used by criminals means Britain and other governments should be looking at them “very seriously”, British prime minister Theresa May said. Speaking at an interview on the sidelines of the World Economic Forum’s annual meeting in Davos, Switzerland, Mrs May urged supervision of cryptocurrencies such as bitcoin, which have […]

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Davos: Mining cryptocurrencies is energy wasteful – IMF

Mining cryptocurrencies is far too energy intensive and is consuming as much electricity as a G-20 economy, International Monetary Fund managing director Christine Lagarde said. “The bitcoins mining, which is this accelerated and augmented use of computers to actually determine the value and incentive the functioning of the mechanism, is energy angry,” Ms Lagarde said […]

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Mining cryptocurrencies is energy wasteful – IMF

Mining cryptocurrencies is far too energy intensive and is consuming as much electricity as a G-20 economy, International Monetary Fund managing director Christine Lagarde said. “The bitcoins mining, which is this accelerated and augmented use of computers to actually determine the value and incentive the functioning of the mechanism, is energy angry,” Ms Lagarde said […]

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