Bitcoin and contenders Ripple and ethereum saw costs fall after the South Korean Government declared it would try to control digital currency exchanges.
Bitcoin soar to an astounding $20,000 right away before Christmas however costs have steadied around $11,000 since the declaration.
Yet, Mrs Lagarde said more governments and banks will try to additionally control the way bitcoin is utilized to ensure monetary dependability.
She stated: "Its obscurity is probably going to encourage illegal tax avoidance, dim cash moving around and things that nobody is cheerful about in case you're searching for money related steadiness and straightforwardness of monetary exchanges.
"There will be advancements, there will be changes, there will be newcomers. What requirements to change is our administrative approach. We can't keep taking a gander at things."
Bitcoin is a cryptographic money not controlled by a solitary head and can be utilized to purchase things overall electronically.
Bitcoin's ubiquity has made request soar all through 2017, pushing different digital currencies like Ripple and ethereum to likewise receive the rewards of the cryptographic money fever.
South Korea reported plans to "sanction" cryptographic money exchanging for enlisted genuine name accounts just in an offer to handle secrecy in exchanging. Genuine names should be utilized beginning from January 30.
The IMF President likewise said that other than the monetary security dangers, bitcoin could undermine to intensify environmental change due to the measure of vitality utilized for bitcoin mining.
She proceeded with: "Bitcoin mining, which is this quickened utilization of PCs to really decide the esteem and boost the working of the instrument, is vitality hungry.
"We assumed that in 2018 on the off chance that it proceeds with, that framework will probably devour as much vitality as Argentina. That is huge and in the midst of environmental change, it's a major concern."
Be that as it may, Mrs Lagarde uncovered a few banks are investigating utilizing bitcoin's help innovation, the blockchain, to make their own digital currency and set up a straightforward framework to screen exchanges.
The blockchain is a framework that permits the transmission of advanced data yet squares endeavors to duplicate the information.
Addressing Bloomberg from the World Economic Forum in Davos, the IMF supervisor proceeded: "What is entrancing about the bitcoin development is the innovation that is underneath. This innovation ensures recognizable proof, trustability, authentification of exchanges without obstruction, without intermediation.
"That is interesting and could be utilized as a part of various conditions: following exchanges, arrive registry, you simply name it. Furthermore, some national banks are taking a gander at it to use for their own digital currency."
As indicated by Coindesk, bitcoin was exchanging for $11,182.66 at 12.29pm GMT on January 25. Swell's cost was recorded at $1.33 at while contender ethereum exchanged for $1,053.52 at 12.29pm.
The costs of the three digital currencies are all on the ascent throughout the most recent 24 hours however Bill Winters has cautioned the costs could soon fall.
The CEO of Standard Chartered said he couldn't perceive any way where the cryptographic forms of money and Blockchain were not going to be investigated by specialists.
He stated: "We think it is genuine, it is central. We have some to a great degree fascinating beginning period improvements how clearing cash sets with disturbed innovation.
"The digital forms of money themselves I envision will get themselves very managed."
The crypto group will watch on as world pioneers talk about 'The Crypto-Asset Bubble' at Davos today. The Speakers are relied upon to tell the group of onlookers that direction is expected to stop tax evasion, fear based oppression and digital wrongdoing.
The speakers are Jennifer Zhu Scott, Neil Rimer, Cecilia Skingsley, Yang Yanqing and, Nobel-prize winning business analyst Robert J. Shiller, who has made his position very clear before.
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