The ECB president admitted that “there will be control” in regards to a digital euro, much to the displeasure of the crypto community.
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In June, Christine Lagarde said a potential MiCA II framework “should regulate the activities of crypto-asset staking and lending, which are definitely increasing.”
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Christine Lagarde introduced a “MiCA II” idea to cover the issues yet untouched by European regulators.
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Strong euro and overbought readings could pressure the dollar further, showing signs of topping out — Bitcoin at risk of falling.
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"It’s so critically important that MiCA is pushed through as quickly as possible so we have a regulatory framework within which crypto assets can actually be caught," said Christine Lagarde.
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“Stablecoins are pretending to be a coin, but in fact it’s completely associated with an actual currency,” said Christine Lagarde.
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Privacy concerns regarding the digital euro abound as the European Central bank tests the waters for a central bank digital currency.
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The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said.
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The ECB President gives the impression that central banks will avoided copying institutions in hoarding cryptocurrency.
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In a recent interview, Lagarde said that Bitcoin has been used to conduct "funny business" and "totally reprehensible money laundering activity."
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The president of the European Central Bank (ECB), Christine Lagarde, said that the financial institution should be ahead of the curve in regards to the demand of stablecoins.
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Nominee for ECB president Christine Lagarde says central banks and regulators should protect consumers but be open to innovation.
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IMF head Christine Lagarde says relevant actors “should consider the possibility to issue digital currency.”
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IMF head Christine Lagarde has dedicated a new blog post to the “potential benefits” of “crypto-assets such as Bitcoin.”
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IMF chief Christine Lagarde told CNN Money that regulation of crypto internationally is “inevitable” and should be focused on activities as opposed to entities.
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