It is definitely a violent storm that is currently beating down on the cryptocurrenciesand the latest lightning strike comes from the President of the European Central Bank (ECB), Madame Christine Lagarde.
A notorious skeptic of crypto-currencies, she also claims to apply what she defends by not personally owning any virtual currency assets.
On the side of the ECB, the digital euro is still in the cards
In an interview with Dutch television NPO2 on May 22, the presidency of the ECB cut cryptocurrencies to pieces. ” My very humble assessment is that it is worthless, it is not backed by anything, there is no underlying asset to act as a security anchor “explains Madame Lagarde. The latter is far from being the only one to issue such an opinion within the ECB, but in a particularly delicate context for many crypto-currencies, the multiplication of such declarations further weakens confidence in this market.
Christine Lagarde believes, once again, that crypto-currencies must be regulated because people “ who have no understanding of the risks and who are going to lose everything will be terribly disappointed “. However, the President of the ECB assures that the digital euro should be launched by 2024.
And for good reason, the latter would be completely different from the crypto-currencies currently on the market, again according to the former director of the International Monetary Fund (IMF), because the digital euro “ will be supported by the European Central Bank, and I think that will change a lot of things “.
And you, what do you think of the establishment of a digital euro?
On the same subject :
Bitcoin drops below $30,000, should we be worried for good?
While everyone is able to name a few well-known crypto-currencies, fewer are those who are familiar with the crypto ecosystem and its concrete differences with so-called “fiat” currencies (the euro or the dollar, for example). Clubic takes stock.
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Source : Bloomberg
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