e_abrams Posted January 22, 2021 #1 Posted January 22, 2021 Christine Lagarde, the President of the European Central Bank, once again called for cryptocurrency regulation. Lagarde expressed concern for Bitcoin’s anonymous nature and its troubled past – to quote her, the most popular crypto in the world has been used for some “funny business”. This statement comes on the heels of Lagarde’s past comments about regulating stablecoins as well. This time, however, she was focused on Bitcoin, rather than stablecoins. The whole sector is in dire need of regulation, according to her words. Bitcoin is not entirely unregulated in the EU – brokers that accept Bitcoin deposits do tend to follow strict Anti-Money Laundering procedures, but Lagarde does not consider that to be enough. Source: https://www.forexbrokerz.com/news/ecb-lagarde-crypto-regulation Frankly, fiat money also get used for "funny business" even though they are heavily regulated. But even so, I do agree that regulation should make the industry safer.
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