Bitcoin

Oil drops back from 11-month high; Lagarde calls for bitcoin…

(Bitcoin) is a highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity,” Lagarde said in an interview at the Reuters Next conference.

Lagarde did not provide specific examples of money laundering cases but said she understood there had been criminal investigations into illegal activity. She did not elaborate.

“There has to be regulation. This has to be applied and agreed upon … at a global level because if there is an escape that escape will be used,” Lagarde said.

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