European Central Bank President Calls for Bitcoin Regulation

2021-1-14 19:19

Talking at the Reuters Next conference this week, European Central Bank President Christine Lagarde expressed her opinion on Bitcoin and the lack of regulation surrounding the digital asset.

Bitcoin Conducts Funny Business

Lagard stated that Bitcoin was a highly speculative asset:

“which has conducted some funny business and some interesting and totally reprehensible money laundering activity.”

Bitcoin has recently come under the spotlight, following a massive surge in price over the past few weeks. The alpha crypto reached a new all-time high of approximately $42,000 earlier this week, gaining plenty of attention in the process.

ECB President Christine Lagarde called for global regulation of #Bitcoin, saying the digital currency had been used for money laundering activities in some instances and that any loopholes needed to be closed. Follow #ReutersNext updates here: https://t.co/4MgFy4jnw5 pic.twitter.com/qlBtoDuZLW

— Reuters (@Reuters) January 13, 2021 Criminal Activities Supposedly Causing a Shakedown

According to Reuters, Lagarde is pushing for global crypto regulation in an attempt to curb money laundering. Lagarde also stated that Bitcoin was a highly speculative asset, “which has conducted some funny business”.

The #1 cryptocurrency by market cap has recently been in the spotlight, not only for its dramatic increase in value. Criminals continue to use the somewhat anonymous digital currency even though some specialist firms can track transactions.

Lagarde strongly reaffirmed that Bitcoin regulation needs to be applied and agreed upon at a global level, insisting that if there “is an escape, that escape will be used.”

Lagarde might not be a fan of Bitcoin. However, the ECB president previously expressed a strong consideration to launch a digital euro, similar to China’s digital yuan that launched last year. 

Blockchain technology and adoption continue to grow, with newly elected U.S President Joe Biden committing MIT Blockchain Professor Gary Gensler to Chair the SEC. 

With Bitcoin gaining traction worldwide and institutions adopting cryptocurrency transactions, government agencies will likely be looking to get some regulation approved for Bitcoin eventually. 

The post European Central Bank President Calls for Bitcoin Regulation appeared first on BeInCrypto.

origin »

Bitcoin (BTC) íà Currencies.ru

$ 94052.34 (+0.15%)
Îáúåì 24H $57.533b
Èçìåíåèÿ 24h: 0.40 %, 7d: 0.28 %
Cåãîäíÿ L: $91951.2 - H: $94247.58
Êàïèòàëèçàöèÿ $1862.23b Rank 1
Öåíà â ÷àñ íîâîñòè $ 38232.85 (146%)

bitcoin funny business conducted asset interesting laundering

Èñòî÷íèê: beincrypto.com

bitcoin funny → Ðåçóëüòàòîâ: 30


Ôîòî:

Cameron Winklevoss Says US Dollar Has Become “Funny Money” And A Bitcoin Endorsement. Here’s Why

In a meeting on Thursday evening, White House and Democrats failed to come to a consensus regarding a suitable coronavirus stimulus package. According to Gemini co-founder Cameron Winklevoss, the failure of the three-hour negotiations to yield a major relief deal for the United States shows that the dollar has become “funny money” and an endorsement […]

2020-8-8 23:07


Ôîòî:

Bitcoin is Once Again Following the Price of Avocados

In a funny tweet by Bloomberg journalist Tracy Alloway, the price of Bitcoin seems to oddly follow the price of avocados in Mexico. Sadly, the price of the fruit has plummeted this month. Could following the price of avocados be the secret to predicting Bitcoin’s future movements? Oddly enough, the price chart of both the […] The post Bitcoin is Once Again Following the Price of Avocados appeared first on BeInCrypto.

2019-10-25 00:16


Ïàðòíåðû Currencies.ru



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Industry Leaders Forecast Top Crypto Narratives for 2025

This analysis explores key crypto narratives shaping 2025, including the rise of AI agents, the growth of real-world asset tokenization, the increasing dominance of stablecoins, and the potential for nations to adopt Bitcoin as a strategic reserve.

IRS Says Tokens Earned from Crypto Staking are Taxable

The IRS and crypto investor Joshua Jarrett clash again over whether staking rewards count as taxable income, a case with wide implications for US crypto users. The post IRS Says Tokens Earned from Crypto Staking are Taxable appeared first on BeInCrypto.

South Korea Delays Crypto Tax to 2027 Amid Global Reforms

South Korea ends its investment tax and defers crypto taxation to 2027, mirroring global moves to create investor-friendly financial policies. The post South Korea Delays Crypto Tax to 2027 Amid Global Reforms appeared first on BeInCrypto.