AMB/Lagarde: Cryptocurrencies Are Highly Speculative

Christine Lagarde, President of the European Central Bank (ECB), emphasized that cryptocurrencies are not currencies “highly speculative assets” described as.

In an interview with Bloomberg on Wednesday, Christine Lagarde said that some cryptocurrencies, although notorious as “currency”, are not.

President of the European Central Bank; cryptocurrencies, which he stated to be highly speculative, from time to time “suspicious” can be used in activities and “energy consumption” He said it could lead.

no currency with cryptocurrencies among stablecoins Lagarde, who makes a distinction, for these “These need to be regulated and their corresponding activities supervised.” said.

Lagarde, who has chaired the ECB since 2019, this summer digital euro announced that they had decided to switch to a 24-month review process for Lagarde said that work on digital central bank money (CBDC) continues, “We have to be prepared for that.” said.

Image: Christine Lagarde (World Economic Forum/licensed, image modified by Koin Bulletin)