Christine Lagarde Archives - Coin Engineer https://coinengineer.net/blog/tag/christine-lagarde/ Btc, Coins, Pre-Sale, DeFi, NFT Thu, 30 Jan 2025 14:42:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png Christine Lagarde Archives - Coin Engineer https://coinengineer.net/blog/tag/christine-lagarde/ 32 32 Lagarde Makes Strong Statement on Bitcoin! https://coinengineer.net/blog/lagarde-makes-strong-statement-on-bitcoin/ https://coinengineer.net/blog/lagarde-makes-strong-statement-on-bitcoin/#respond Thu, 30 Jan 2025 16:00:53 +0000 https://coinengineer.net/blog/?p=35801 Christine Lagarde, the President of the European Central Bank (ECB), has made a strong statement, asserting that Bitcoin will not become a reserve currency in the European Union (EU). In her remarks, Lagarde dismissed any possibility of Bitcoin being included among the reserve assets of central banks in the EU. Lagarde highlighted the volatility and

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]]> Christine Lagarde, the President of the European Central Bank (ECB), has made a strong statement, asserting that Bitcoin will not become a reserve currency in the European Union (EU). In her remarks, Lagarde dismissed any possibility of Bitcoin being included among the reserve assets of central banks in the EU.

Lagarde highlighted the volatility and lack of regulation of Bitcoin and other cryptocurrencies, which could pose risks to economic stability. She emphasized that Bitcoin could never replace more traditional and stable currencies like the Euro as a reserve asset.

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Her comments have sparked significant reactions in the EU’s crypto market. While Bitcoin and other cryptocurrencies are gaining global popularity, the stance of central governments and financial authorities is shaping up. However, Lagarde reiterated that the ECB will continue to support the Euro as a stable reserve currency.

The future of cryptocurrencies and their role in the financial system remains uncertain in the EU, but Lagarde believes that Bitcoin and similar digital assets are too volatile and risky to challenge the foundations of the current financial system.

The future of Bitcoin and cryptocurrencies remains a hot topic on the agenda of central banks worldwide. Yet, Lagarde’s statement marks the EU’s distancing position toward Bitcoin and other digital currencies.

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]]> https://coinengineer.net/blog/lagarde-makes-strong-statement-on-bitcoin/feed/ 0 Christine Lagarde: My Son Lost in Crypto! https://coinengineer.net/blog/christine-lagarde-my-son-lost-in-crypto/ https://coinengineer.net/blog/christine-lagarde-my-son-lost-in-crypto/#respond Fri, 24 Nov 2023 22:28:31 +0000 https://coinengineer.io/blog/?p=7040 Christine Lagarde: My Son Lost in Crypto! ECB President Christine Lagarde had been critical of cryptocurrencies for a long time, considering them speculative, worthless, and often used by criminals for illegal activities. During an event with students in Frankfurt, Christine Lagarde revealed that her son disregarded her warnings about cryptocurrency investments and lost almost all

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]]> Christine Lagarde: My Son Lost in Crypto! ECB President Christine Lagarde had been critical of cryptocurrencies for a long time, considering them speculative, worthless, and often used by criminals for illegal activities. During an event with students in Frankfurt, Christine Lagarde revealed that her son disregarded her warnings about cryptocurrency investments and lost almost all of his investment.

“Even though the amount invested was not very large, he lost about 60% of it,” said Lagarde. Lagarde, who has two sons in their thirties, did not specify which son she was talking about, but she later mentioned that she spoke with her son and he agreed she was right.

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ECB had called for global regulation to protect consumers at risk in the cryptocurrency sector and close loopholes allowing criminals to launder money.

On the other hand, ECB officials last month launched the “preparation phase” for the digital euro but announced that they would need two more years for the market version.

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