IMF head: Cryptocurrency could be the future. Really. At a Bank of England conference in London: “In many ways, virtual currencies might just give existing currencies and monetary policy a run for their money,” Christine Legarde said. . . . “It may not be wise to dismiss virtual currencies,” she told the audience. “Instead, citizens may one day prefer virtual currencies.”
Boston Fed VP: Blockchain will wake up Swift and other middlemen. “Any incumbent that’s a middleman-which the Fed is, stock exchanges are, Swift is, The Clearing House is-I wouldn’t say that the fintechs are going to put us out of business, necessarily. What they will do is wake us up in some cases to be a little more innovative with our systems in a way that’s positive.”