Pakistan Christian TV

Breaking news and world news from Pakisthan Christian TV on Business, Sports, Culture. Video news. News from the US, Europe, Asia Pacific, Africa, Middle East, America.

Cryptocurrencies are worth nothing, they must be regulated, mn fka ECB Lagardeov

Kristen Lagardoff
| Photo: Reuters

Comment on Lagarde’s punch at a time when the digital currency Bitcoin and ether are so turbulent as cryptocurrency drops by a record 50 percent.

At the same time, this implies an active scrutiny of the regulated bodies, because the series is concerned about the risks that cryptocurrency can be to the financial system.

Lagardoff said she was skeptical about cryptocurrency. He brought it in line with the digital euro, a European Central Bank project that could happen in those three years.

The central bank said it was assessed very modestly that (cryptocurrencies) have no daily value, are not based on them, and there is no underlying asset that would act as a hedge. This should not be the case with the digital euro, as the European Central Bank will be behind it. Thus the digital euro must become a safe store of value.

Bloomberg warned that concerns about the two cryptocurrency were also expressed by another representative of the European Central Bank. One of them is the executive board of Fabio Panetta, who said in April that crypto activity was creating new wilds and compared them to the 2008 subprime mortgage crisis.

Lagardoff added that the encoder itself does not do this, or want to follow what it says. But they watch them a lot, because one of her sons invested in them, because she did not advise him. She said he was a free hunter.

See also  Honda Integra returns as American Acura