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IMF chief wants to use blockchain and A.I. to secure crypto-assets

IMF Managing Director Christine Lagarde addresses a conference on February 15, 2018 at the Economy Ministry in Paris. Photo: ERIC PIERMONT/AFP/Getty Images

Christine Lagarde, managing director of the International Monetary Fund, wants to "fight fire with fire" when it comes to the use of cryptocurrencies and tokens for illegal activities like money laundering.

In short: Lagarde wants to use blockchain technology, biometrics, artificial intelligence, and cryptography to enforce know-your-customer requirements, adding that international collaboration among regulatory bodies will be necessary.

Go deeper: Read Lagarde's full blog post.

Jonathan Swan 4 hours ago
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McMaster out, Bolton in as National Security Adviser

Bolton. Photo: Drew Angerer/Getty Images

H.R. McMaster plans to resign and will be replaced as national security adviser by former U.N. ambassador John Bolton. The White House said McMaster's departure had been under discussion for some time and that the process was sped up to end speculation about the role. McMaster will stay on until mid-April.

Bottom line: This isn’t about ideology — unlike Trump, Bolton is hawkish and interventionist on foreign policy. This is about personal chemistry. 

Khorri Atkinson 3 hours ago
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China slaps reciprocal tariffs on U.S. imports

China's President Xi Jinping speaks next to President Trump. Photo: Nicolas Asfouri// AFP / Getty Images

China announced plans to impose reciprocal tariffs on $3 billion of imports from the U.S., hours after President Trump ordered levies on a range of Chinese goods.

The details: China's plan includes a 25% tariff on U.S. pork imports as well as 15% tariffs on American steel pipes, fruit and wine, according to Bloomberg.

Go deeper: Axios' Jonathan Swan explains the coming trade war.