ECB Chief Christine Lagarde Calls for Global Bitcoin Regulation — Says BTC Conducts ‘Funny Business’

ECB Chief Christine Lagarde Calls for Global Bitcoin Regulation — Says BTC Conducts ‘Funny Business’
фото показано с : news.bitcoin.com

2021-1-14 12:35

The president of the European Central Bank (ECB), Christine Lagarde, has called for the global regulation of bitcoin. She said that bitcoin is a highly speculative asset and has “conducted some funny business.” Emphasizing the need for countries to work together to regulate bitcoin, she suggested that the crypto regulation could be “initiated by the G7, moved into the G20 and then enlarged.”

ECB Chief Calls for Bitcoin Regulation Globally

ECB President Christine Lagarde said in an interview at the Reuters Next conference Wednesday that bitcoin is “a speculative asset by any account.” She added: “I mean, when you look at the most recent developments upward and now the most recent downward trend, it’s for those who had assumed that it might turn into a currency. Terribly sorry, but this is an asset.” The ECB chief elaborated:

It’s a highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity.

“I think that there are criminal investigations that have taken place that I’m sure will continue to take place that demonstrates it very clearly. And there has to be regulations. And this has to be applied and agreed upon,” she continued. However, she did not clarify what investigations she was referring to.

Calling for regulation specific to bitcoin, Lagarde said:

It’s a matter that needs to be agreed at a global level, because if there is an escape, that escape will be used. So, I think … that global cooperation, multilateral action is absolutely needed, whether it’s initiated by the G7, moved into the G20 and then enlarged.

“But, it’s something that needs to be addressed,” she emphasized, adding that the Financial Action Task Force (FATF) “is clearly an organization that has expanded in that respect.”

Lagarde’s remarks about bitcoin drew many comments. Financial analyst Dan Tapeiro wrote, “Embarrassing for Lagarde. Please do some reading.” Morgan Creek Digital partner Anthony Pompliano made a video explaining why “Bitcoin is the most regulated currency in the world” and why it “is already more regulated, and used less often for illicit purposes, than any other currency.”

if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } });

Several commenters pointed out that it is the ECB and other central banks that are doing “funny business” with all their money printing activities.

Many people noted that Lagarde herself is a convicted felon. A Twitter user opined: “Why are all the people trying to regulate bitcoin incredibly sketchy themselves? Lagarde was ‘found guilty of criminal charges over massive (400m euro) government payout.'” While serving as the managing director at the International Monetary Fund (IMF), Lagarde was convicted in 2016 on negligence charges over a state payout made while she served as France’s finance minister in 2008. Nonetheless, she escaped punishment and kept her job at the IMF.

Meanwhile, Lagarde also said Wednesday that she hopes it would take no more than five years to launch a digital euro.

What do you think about Lagarde calling for global bitcoin regulation? Let us know in the comments section below.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 96917.43 (+0.03%)
Объем 24H $42.652b
Изменеия 24h: -0.17 %, 7d: -5.48 %
Cегодня L: $96041.94 - H: $97458.26
Капитализация $1920.091b Rank 1
Цена в час новости $ 37891.11 (155.78%)

bitcoin regulation funny business ecb christine global

bitcoin regulation → Результатов: 126


Kraken CEO Stands by His $200k Bitcoin Year-End Target; Clear Regulation Will ‘Open the Floodgates’

“The excitement around the space” is still hot; people just don’t have the vision of what's coming with crypto or Bitcoin, like with the internet, said Jesse Powell. The post Kraken CEO Stands by His 0k Bitcoin Year-End Target; Clear Regulation Will ‘Open the Floodgates’ first appeared on BitcoinExchangeGuide.

2021-6-4 18:39


Фото:

Crypto Week In Review: Nasdaq Leads Regulation Talks, Legitimizing Bitcoin

Discussion about cryptocurrency-related regulation continued into this past week, as Bitcoin took the lead, driving the market up by just under 10% overall. Winklevoss Twins’ Revised ETF Gets Shot Down By The SEC On Thursday, the announcement of the most recent verdict regarding the Winklevoss Twins’ Bitcoin ETF hit headlines all across the industry.

2018-7-29 10:00


Фото:

PBoC: Bitcoin Trading in Renminbi Drops Below 1% Global Total

Economy & Regulation Bitcoin trading in renminbi (RMB) has dropped to less than 1 percent of the global total, the central bank of China announced. The People’s Republic banned yuan-crypto trade last year, prompting the exodus of hundreds of Chinese crypto businesses, including some of the world’s leading trading platforms. In September, 2017, Beijing authorities

2018-7-9 00:05


Maltese Parliament Passes Three Bills on Distributed Ledger Technology

The Maltese Parliament passed four bills — one to establish Infrastructure Malta and three others for the regulation of the distributed technology sector in the country. According to Maltatoday, the three new bills for the blockchain industry include “Malta Digital Innovation Authority Act,” “Innovative Technological Arrangement and Services Act” and the “Virtual Financial Asset Act.

2018-7-6 15:26


Фото:

Bitmex Co-Founder is the Youngest British Self-Made Billionaire

UK media has reported that 34-year-old Ben Delo, the co-founder of Bitmex, has become the youngest British self-made billionaire. Also Read: Japanese Regulator Responds to Reports of Overhauling Crypto Regulation Bitmex’s Ben Delo is the First British Billionaire From Crypto Industry According to The Sunday Times, Ben Delo’s college yearbook describes him as having been voted […] The post Bitmex Co-Founder is the Youngest British Self-Made Billionaire appeared first on Bitcoin News.

2018-7-5 14:20


Japanese Regulator Responds to Reports of Overhauling Crypto Regulation

Japan’s top financial regulator has responded to media reports that it is considering overhauling the way cryptocurrency is regulated in the country. The authority has been under fire for the inadequacy of its crypto exchange registration process after it issued business improvement orders to a number of exchanges it previously approved.

2018-7-5 04:40


Фото:

Bitcoin Market ‘Still in a Growth Phase,’ Says Bullish Trading Expert

Octagon Strategy trader Ryan Rabaglia reminds investors to look at the bigger picture for Bitcoin, while claiming increased regulation will eventually drive prices higher. ‘The Markets are Still in a Growth Phase’ A trending belief in the cryptocurrency space over recent months is that increased regulatory clarity will drive the price of Bitcoin higher and help it break out of a half-year-long bearish trend.

2018-7-3 10:00


Bank of England Deputy Governor Issues Warning to Financial Firms Over Crypto Risks

In a letter dated June 28, Sam Woods, deputy governor at the Bank of England who is also the CEO of the Prudential Regulation Authority (PRA), the UK’s financial watchdog, provided a reminder to financial firms of their “relevant obligations under PRA rules, and to communicate the PRA’s expectations regarding firms’ exposure to crypto-assets.

2018-6-30 18:29


Фото:

U.K. Banks Warned to Be Careful With Cryptocurrencies

The Bank of England has warned U. K. lenders to study cryptocurrencies before doing business in the space. In a letter sent out to the financial institutions in the country yesterday, the Bank of England Deputy Governor Sam Woods warned financial companies to take appropriate steps to protect themselves against "exposure to crypto-assets" which he believes are susceptible to "fraud and manipulation, as well as money-laundering and terrorist financing risks.

2018-6-29 18:17