{"id":34653,"date":"2021-01-13T14:32:43","date_gmt":"2021-01-13T12:32:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34653"},"modified":"2025-08-28T21:36:16","modified_gmt":"2025-08-28T18:36:16","slug":"ecb-chief-bitcoin-is-speculative-and-requires-regulation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ecb-chief-bitcoin-is-speculative-and-requires-regulation\/","title":{"rendered":"ECB chief: Bitcoin is speculative and requires regulation"},"content":{"rendered":"<p>The head of the European Central Bank (ECB) Christine Lagarde called Bitcoin a speculative asset in need of regulation. <!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">ECB President Christine Lagarde called for global regulation of <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>, saying the digital currency had been used for money laundering activities in some instances and that any loopholes needed to be closed. Follow <a href=\"https:\/\/twitter.com\/hashtag\/ReutersNext?src=hash&#038;ref_src=twsrc%5Etfw\">#ReutersNext<\/a> updates here: <a href=\"https:\/\/t.co\/4MgFy4jnw5\">https:\/\/t.co\/4MgFy4jnw5<\/a> <a href=\"https:\/\/t.co\/qlBtoDuZLW\">pic.twitter.com\/qlBtoDuZLW<\/a><\/p>\n<p>\u2014 Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1349341678335893504?ref_src=twsrc%5Etfw\">January 13, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to her, the network of the first cryptocurrency has become a platform for &#8216;a funny business and completely reprehensible money-laundering operations&#8217;. During a Reuters Next conference, Lagarde urged countries to cooperate to develop global rules.<\/p>\n<blockquote>\n<p>&#8216;Obviously, this is something that the Financial Action Task Force (FATF) should handle,&#8217; Lagarde said.<\/p>\n<\/blockquote>\n<p>Lagarde also said that no fewer than eight thousand experts had participated in public discussions about creating a digital euro.<\/p>\n<p>The ECB chief did not specify concrete timelines for the asset&#8217;s launch, noting that a lengthy period would be required to devise a safe solution. Lagarde expressed hope that it would take no more than five years.<\/p>\n<p>In December, the ECB chief warned that the spread of stablecoins <a href=\"https:\/\/u1f987.com\/en\/news\/ecb-chief-sees-stablecoins-as-a-threat-to-financial-stability\">threat<\/a> to financial stability and monetary sovereignty.<\/p>\n<p>Follow ForkLog&#8217;s news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The head of the European Central Bank (ECB) Christine Lagarde called Bitcoin a speculative asset in need of regulation.<\/p>\n","protected":false},"author":1,"featured_media":34654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1410,36],"class_list":["post-34653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-ecb","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=34653"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34653\/revisions"}],"predecessor-version":[{"id":34655,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34653\/revisions\/34655"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34654"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}