Bitcoin should not be legitimised by regulators or financial companies as it heads for “irrelevance”, the European Central Bank said.
Browsing: Christine Lagarde
European Central Bank president Christine Lagarde called on Wednesday for global regulation of bitcoin, saying the digital currency had been used for money laundering activities.
Barely a month after the European Central Bank issued a major report on the topic, its president, Christine Lagarde, has said “her hunch” is that the euro zone could have its own electronic currency within two to four years.
The European Central Bank will start experimenting with a digital version of the euro while holding a public consultation in a major step toward introducing the technology.
Mining cryptocurrencies is far too energy intensive and is consuming as much electricity as a G-20 economy, International Monetary Fund MD Christine Lagarde said. “The bitcoin mining, which is this accelerated and augmented