President of the European Central Bank Christine Lagarde has called for global regulations on Bitcoin, labeling the cryptocurrency “reprehensible.”

Lagarde made the comments during a Reuters Next conference earlier today, during which she asserted that Bitcoin was not a currency.

The former head of the IMF, who was previously found guilty of financial negligence by a French court over a €403 million arbitration deal in favor of businessman Bernard Tapie, went on to accuse Bitcoin of being heavily embroiled in criminal activity.

“(Bitcoin) has conducted some funny business and some interesting and totally reprehensible money laundering activity,” said Lagarde.

The ECB head went on to call for Bitcoin to be regulated by financial authorities.

“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,” she said.

Globalists and technocrats have long begrudged Bitcoin because it is decentralized and therefore impossible to come under the control of centralized financial institutions. The cryptocurrency has also provided a refuge for dissidents who have been deplatformed by regular financial services and institutions over their politics.

Bitcoin recently soared to a record high above $41,000 dollars but has since fallen back to around $35,000 dollars.

After the cryptocurrency previously hit a record high of above $17,000 dollars at the end of 2017 it then sank bank to around $3,000, emphasizing the wild volatility of the asset.

Didn't read a single word.

Also you're wrong

Why do you want it to fail? (It won’t any time soon)

Bitcoin isn't a company though.

Nah bro, its going to be worth 10 million - that guy (who is clearly an expert) here keeps saying so.

So some random convicted of half a billion dollar fraud, has the ultimate truth on the subject?


Or whatever source aligns with my preexisting beliefs is a good source?

banker scared of something that threatens banks. shocking

Looked her up. Stopped reading as soon as I saw that she was a French politician.

Bankers real mad

Bankers accusing others of being criminals. Hypocrisy overload.

Sounds like the old school institutions just want to regulate it. Good luck with that.

yes the president of the european bank has no clue lmao you disabled clown let's trust some mentally handicapped miscers instead.

bitcoin is a pump and dump pyramid scheme that is inferior to other cryptocurrencies. The sooner it dies, the better for mankind.

she said it's being used to launder money which is 100% true that's why it was invented in the first place how can they not regulate it especially coming from someone like her do you think they will just let people do whatever they want when it comes to money?

The one convicted for negligence??

Meanwhile, bitcoin rose back above the 37k barrier yesterday and is sitting at 39k en route to new ath.

Bankers are the biggest criminals and fraudsters in the world.That's not why btc was invented you brain dead trogladyte. Go read an article.

Banks want a monopoly on money laundering

yup

No coincel cope threads are my favorite

Imagine thinking governments and big finance would let bitcoin go unrestricted, JUST LOL! Good for short term, that's it

Crypto has a lot of forces against it. Bankers and governments are threatened by it it will at some point either be destroyed or replaced with state-regulated crypto.

Yeah, it´s the most successful pump and dump pyramid scam ever. Doesn´t mean it´s not utter chit and manipulated like a cult. People are just extremely dumb and greedy, thats why it´s still successful.

it is in the making already the digital euro

https://www.ecb.europa.eu/pub/pdf/ot...268b458.en.pdf

Bitcoin being used to launder cartel cash and keep the Columbian necktie in business.

You really think greedy politicians are going to let that go on forever? I guarantee it's just a matter of time before assets are frozen and confiscated.

I'll say it again: the central bankers will push to ban bitcoin and all crypto not controlled by them, they will roll out a proprietary digital coin to try and replace the USD and all currency with.

Save this post for future reference.

Its been around for almost a decade. How will she stop it? Corporations are also a vehicle for money laundering.

Boyos, on the 2020 tax return there is a question that clearly asks if you've bought, sold or held virtual currency during the year....

....obviously they're setting a perjury trap....

There's no way in hell big banks would ever tolerate a currency outside of their control......

If you're a bank, you'd naturally be against btc or anything like it

This.

Bitcoin is the Banks biggest enemy.

^^^^oh don't take my word for it I don't even want to convince people please go ahead buy more bitcoin.