IMF Managing Director Christine Lagarde says the banking system is transforming because of  new technologies like cryptocurrencies.

Formed in 1944, The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of “189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.”

Video courtesy of CNBC.