In a recent Dutch television program, Christine Lagarde of the European Central Bank called for a crypto crackdown, saying that they are based on nothing and may hurt investors.
President of the European Central Bank Christine Lagarde has attacked cryptocurrencies, claiming that they are "worth nothing" because they lack underlying assets "as an anchor to safety," and called for them to be regulated in an appearance on Dutch television.
According to Politico, Lagarde made the remarks in an appearance on the Dutch television program "College Tour," which will air on May 22.
"I have said all along the crypto assets are highly speculative, very risky assets," Lagarde stated on the show. “My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.”
She also expressed concern about people wagering their life savings on cryptocurrency because they may not be aware of the risks.
According to Bl...
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