- The President of the European Central Bank (ECB), Christine Lagarde, has stated that crypto-currencies are “based on nothing”.
- Her comments on the crypto industry follow the recent volatility seen in the crypto markets.
- An Executive Board member of the ECB also shared his concerns around crypto assets.
The President of the European Central Bank (ECB), Christine Lagarde, has stated that crypto-currencies are “based on nothing” and that they should be regulated. She believes that regulating the crypto industry will steer people away from speculating on cryptos with their life savings.
In an interview with Dutch television, Lagarde shared her concern with people “who have no understanding of the risks, who will lose it all and who will be terribly disappointed.” She also said in the interview that “I believe that the crypto industry should be regulated.”
Her comments on the crypto industry follow the recent volatility seen in the crypto markets, with popular digital currencies such as ...