Lagarde calls for measured approach to monitoring digital currencies

In a statement issued to the Economic and Monetary Affairs Committee of the European Parliament, Christine Lagarde laid out guiding principals that she will follow if she successfully becomes president of the committee. Legarde specifically highlighted digital currencies as an area of innovation stating,

"In the case of new technologies – including digital currencies – that means being alert to risks in terms of financial stability, privacy or criminal activities, and ensuring appropriate regulation is in place to steer technology towards the public good. But it also means recognising the wider social benefits from innovation and allowing them space to develop."