European Central Bank(ECB) president Christine Lagarde demands for the global regulation of Bitcoin. She stated that Bitcoin is an exceedingly risky asset that facilitates some silly businesses. ” Highlighting that jointly work is required for nations to regulate the Bitcoin.”
In an interview with Reuters, she said, “It’s a highly risky asset, which has to regulate some funny business and some interesting and totally reprehensible money laundering activity.”
She further emphasized, “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”. The ECB president explained,
I assume that illegal activities have taken place, and I explain it openly that there has to be regulation for Bitcoin.
Christine Lagarde said, it’s a problem that requires to be recognized at a global level, I think cooperation at a global and multicultural level is surely needed whether initiated at G7 level, moved into G20, and then expanded.