Bitcoin Needs Unified Global Regulations: No, It Does Not

Bitcoin was created as an antithesis to people like Lagarde and her central banker cronies; stay away from us and our Bitcoin!

Bitcoin Needs Unified Global Regulations: ECB President Christine Lagarde

The 65-year-old French politician and current President of the ECB has been calling on clear regulation for bitcoin for a while. Back in 2020, she outlined that cryptocurrencies, and BTC in particular, present new opportunities but also unknown risks, and they need clear legislation to reach their potential.

Earlier today, Lagarde doubled-down on her narrative during an interview at the Reuters Next conference. She noted that BTC’s alleged involvement in illicit activities prevents it from reaching the mainstream.

“[Bitcoin] is a highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity.

There has to be regulation. This has to be applied and agreed upon … at a global level because if there is an escape, that escape will be used.”

Although several countries have already implemented their version of regulatory frameworks in regards to bitcoin, the unified global standards are still absent.

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Master Asked on January 13, 2021 in Bitcoin.
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