'Massive Disruption': IMF's Lagarde Says Cryptocurrencies Must Be Taken Seriously

Today's press

• 'Massive Disruption': IMF's Lagarde Says Cryptocurrencies Must Be Taken Seriously

  Christine Lagarde, managing director of the international monetary fund (IMF), has warned that central banks and financial services need to pay closer attention to cryptocurrencies.

• IMF urges euro zone to use economic rebound to tackle problems

  WASHINGTON (Reuters) - The euro zone should use its “robust” economic rebound to tackle reforms that are politically difficult to push through, Poul Thomsen, the head of the International Monetary Fund’s European Department, said on Friday.

• Brexit rollercoaster ride: pound hits new 11-day high

  LONDON (Reuters) - Britain’s pound hit an 11-day high in a volatile day of trading on Friday, benefiting from a dollar hit by weak inflation data, having earlier skidded as Germany told Britain “time is running out” to get the deal it wants on Brexit.

• ECB said to consider cutting QE purchases in half next year

  [FRANKFURT] European Central Bank officials are considering cutting their monthly bond buying by at least half starting in January and keeping their program active for at least nine months, according to officials familiar with the debate.

• India Central Bank ‘In Process’ of Making Bitcoin Regulation, Withholds Details

  India has refused to comment on its progress with cryptocurrency regulation, only appearing to confirm that official plans were “in progress.”