Get Premium Data for Cyber Monday: Up to 55% Off InvestingProCLAIM SALE

Christine Lagarde Says Cryptocurrencies Are Based On Nothing

Published 05/21/2022, 09:03 AM
Updated 05/21/2022, 09:30 AM
Christine Lagarde Says Cryptocurrencies Are Based On Nothing

    • 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 ...

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.