tldr; European Central Bank President Christine Lagarde said bitcoin has facilitated "funny business" and needs to be regulated. Lagarde also described bitcoin as a "speculative asset" that has led to "some reprehensible activity." She said there will be a digital euro, hopefully in no more than five years.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
The EU exists only 27 years, it used to be the EEC. Similar but without a political union and it had a lot less employees.
And I actually do hope the ECB will get destroyed. It has been and is being used as a permanent money transfer system.
Why does the US have this paranoia around government involvement in anything. It’s always possible that they’re honest well meaning people working hard to protect and improve the lives of their citizens. Rather than evil pedophile lizard people who want to inject us all with mid control microchips. Standards of living are higher across Europe because governments do care and intervene where necessary to make life better. Or maybe that’s the microchips talking.
Edit. A classic example is the new WhatsApp terms and conditions. Basically giving Facebook everything you on on your phone. That’s come from a private US company. The EU is using legislation to aprotect its citizens from this mass surveillance not encouraging it
" It’s always possible that they’re honest well meaning people working hard to protect and improve the lives of their citizens. "
HAHAHAHAHAHA... oh wait. You are serious. Yes there are people like that and she is not that.
TBH 5 years in Crypto given how fast it is moving is like 50 years from now.
All coins at that point will mostly have staking and smart contracts embedded and enabled (even bitcoin maybe).
By the time they will have launched the space will be so different that they will end up playing catch-up all the time and never coming close.
The euro is for the most part already digital and without proof-of-work, talking about speculative... but yeah I get what she means. And no, I don't want their version of digital currency. I bet it has some extra 'features' to maximize tracing and tracking.
Nothing to add, so much to lose.
Yes, it only going to get worse. Bitcoin protects our individual freedom, our basic rights. Privacy you don't need KYC to use bitcoin, Freedom of speech, bitcoin doesn't care what you say on twitter, Freedom of association, bitcoin doesn't care who your friends and family are, and so on.
#[Regulate Shite!...She's a convicted money launderer..... I thought she was in jail?](https://www.independent.co.uk/news/world/europe/christine-lagarde-convicted-imf-head-found-guilty-negligence-fraud-trial-a7484586.html)