Developing cryptocurrency regulations in Europe necessitates receptiveness and open-mindedness, says the presidential nominee for European Central Bank (ECB) and the current chairman of the International Monetary Fund (IMF), Christine Lagarde. Lagarde has been appointed to take over from the existing ECB President, Mario Draghi, from Nov 1 onwards. This will necessitate her eight-year-old tenure as IMF’s chairman to end on Sep 12. During her recent opening statement to the Economic and Monetary Affairs Committee of the European Parliament, Lagarde recommended the lawmakers and financial regulators to be fair and tolerant to the opportunities offered by cryptocurrencies and distributed ledger technology
