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ECB Chief Christine Lagarde Calls for Global Bitcoin Regulation — Says BTC Conducts 'Funny Business'


ECB Chief Christine Lagarde Calls for Global Bitcoin Regulation — Says BTC Conducts Funny Business
The president of the European Central Bank (ECB), Christine Lagarde, has called for the global regulation of bitcoin. She said that bitcoin is a highly speculative asset and has “conducted some funny business.” Emphasizing the need for countries to work together to regulate bitcoin, she suggested that the crypto regulation could be “initiated by the G7, moved into the G20 and then enlarged.”
ECB Chief Calls for Bitcoin Regulation Globally
ECB President Christine Lagarde said in an interview at the Reuters Next conference Wednesday that bitcoin is “a speculative asset by any account.” She added: “I mean, when you look at the most recent developments upward and now the most recent downward trend, it’s for those who had assumed that it might turn into a currency. Terribly sorry, but this is an asset.” The ECB chief elaborated: ....

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Bitcoin is irrelevant to financial markets and investors 'are going to weep' if regulators come down hard on crypto, says Kevin O'Leary


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Bitcoin is irrelevant to financial markets and investors are going to weep if regulators come down hard on crypto, says Kevin O Leary
Bitcoin is irrelevant to financial markets and investors are going to weep if regulators come down hard on crypto, says Kevin O Leary
Emily GraffeoDec 27, 2020, 20:29 IST
Shark Tank /ABC
bitcoin is irrelevant to financial
markets and at risk of regulation.
His comments come as an increasing number of institutions like Guggenheim and SkyBridge capital invest millions into the cryptocurrency, driving a rally of over 200% in 2020.
I m waiting for the day that one of these regulators comes down hard on bitcoin. Grown men are going to weep when that happens. You ll never see a loss of capital like that ever in your life. It will be brutal, he said. ....

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