Crypto news

Christine Lagarde insists on regulation of cryptocurrencies

European Central Bank (ECB) President Christine Lagarde said that cryptocurrencies are unsecured and should be regulated.

Lagarde noted that she is very concerned about people who do not understand the risks of investing in cryptoassets and can lose everything.

In her view, cryptocurrencies are “worthless, backed by nothing, they have no underlying asset that could serve as an anchor of security.”

The ECB head contrasted crypto-assets with the digital euro, which the regulator may issue by 2026.

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