European Central Bank (ECB) Member: ‘Not Sure Why People Invest’ in Crypto Assets

2021-1-30 18:05

Central bank members are back with their warnings regarding Bitcoin and cryptocurrencies.

Much like any other time, the warnings remain the same — be prepared to “lose all their money” for crypto investors.

This time the warning came from European Central Bank governing council member Gabriel Makhlouf.

The latest warning from a central banker on the cryptocurrency on Friday when Makhlouf, who is also governor of Ireland’s central bank, said, “Personally, I’m not sure why people invest in those sorts of assets, but they see them as assets clearly.”

“Our role is to make sure that consumers are protected,” he added.

Makhlouf doesn't see any “financial stability issues at the moment arising from Bitcoin itself” but said the concern is more about the consumer “making the right choices.”

Bitcoin/USD BTCUSD 34,293.7089 -$1,869.01 -5.45% Volume 71.93 b Change -$1,869.01 Open$34,293.7089 Circulating 18.61 m Market Cap 638.37 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=BTC&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~BTC~USD"); The post European Central Bank (ECB) Member: ‘Not Sure Why People Invest’ in Crypto Assets first appeared on BitcoinExchangeGuide.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Time New Bank (TNB) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.01 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0020147 (-100%)

warnings crypto central bank time any much

warnings crypto → Ðåçóëüòàòîâ: 49


Ôîòî:

FCA Issues Fresh Crypto Warning to UK Investors

Fresh from enacting its ban on the sale of crypto derivatives to retail traders, the U.K. Financial Conduct Authority (FCA) has issued new warnings about crypto investments to consumers. Meanwhile, commercial banks in the country are adopting a more anti-cryptocurrency stance refusing to accept deposits from virtual currency sources even as the government appears setRead More

2021-1-11 20:00


Ôîòî:

How Stock Market Bubble Fears Could Fuel Crypto Investment

Crypto markets have corrected today but stock markets continue to surge despite mounting warnings of economic despair ahead. When the bubble bursts will investors turn to digital assets as a safe haven? Stocks Up Amid Virus Fears, Crypto Dumps The current scenario on Wall Street is deceptively bullish in a country where red lights are flashing all over the economic board.

2020-2-20 16:00


Ôîòî:

Uganda Crypto Ponzi Scammers Beware, Gov’t Plans New Sanctions

The Ugandan Ministry of Finance have once again issued a warning about investing in crypto-assets, over concerns of rising Ponzi and pyramid schemes. Local sources say the Government is now updating its Penal Code Act to outlaw these types of scams Crypto Ponzi schemes are pilfering Ugandan investors Uganda’s State Minister of Finance, David Bahati, spoke to Uganda’s Parliament yesterday, and asked the government to publish public warnings to Ugandan investors about the risks ofRead More The post appeared first on Bitcoinist.com.

2020-2-6 05:00


Founder Charlie Lee Warns Users About Fake Litecoin Telegram Groups Scamming People

During the last year, several scams affected crypto users. Even after a whole year and several warnings, these scammers continue to operate. This time, Charlie Lee, the founder of the popular digital asset Litecoin (LTC), informed that there are several fake Litecoin groups that are scamming people. In general, the most used social media platform […]

2019-1-16 07:38