Christine Lagarde Says Bitcoin needs Regulations

in LeoFinance2 months ago

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I don't know if you heard the news but Christine Lagarde talked about BTC. In case you think she said something nice, well guess again. In case you don't know who Christine Lagarde is, she is the president of the European Central Bank.

so tell us beautiful and kind filotas what did she say?

To begin with, she doesn't think of bitcoin as a currency but instead, she considers it as a highly speculative asset. She then continues by saying that BTC

"has conducted some funny business and some interesting and totally reprehensible money laundering activity"

And because of that, she thinks there must be some new regulation at the global level in order to narrow it down. In other words, she blames BTC for many money laundering activities and because of that, it needs to be regulated.

here is the full video


What that Means for the Future of Cryptos

Before i talk about what that statement may mean for the future of our beloved cryptos let me tell you at this point that the whole "money laundering thing" is nothing but an excuse.

It's no doubt that money laundering is a thing when we are talking about btc. Many criminal empires have btc and we are all aware of it. It's easy to store wealth and that's a fact.

At the same time though the vast majority of money laundering is through fiat. I don't see any regulation on that? Or to be more precise there are regulations but depending on the country everything is different and ofc because of the corruption it's everywhere, especially in the "higher" positions.

Also, if you see the whole video she is talking about the upcoming digital euro currency so in a way it's like she says "trust our centralized crypto and don't the decentralized one*

Finally, i believe that this may be a signal that they will enforce stricter measures on the btc and crypto community in general. Not because of the money laundering because they want a piece of the pie.

They will earn more money from us through the way they tax it and ofc they don't like the fact that people are basically their own bank. And what a better person to say it right? The president of a bank that doesn't want people to be their own banks, well go figure!


What Do you Guys think about that?


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I've said it from the start, when they see the threat they will demonize it and go on a huge smear campaign to vilify crypto and crypto users. Anything they don't like they vilify under the guise of terrorism or drugs. It's like a universal skeleton key that allows them to destroy anything they don't like. The war on crypto is coming. It will start with privacy coins, then they'll come after everyone else.

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i am thinking of a different scenario while this one is very logical to me.

i wrote a post a couple of hours ago regarding it but the gist is that banks/big funds/governments are mining buying bitcoin in bulk. My guess is that they actually want to increase the value of it but at the same time they don't want you and me to hold them.

Thus the more power they get from buying and ofc given the power they have to public they can manipulate the prices. The average joe will sell either because it is "high" for him and can buy a car or "low" and he is afraid he will lost it all.

while this happens and people sell their altcoins all these "fellows" will buying!

also thanks for the reblog and as usual sorry for the late answer

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That scenario probably isn't very far off. Wouldn't doubt that in the least.

Madame Lagarde is welcome to try, she will fail like the rest.

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i think she just wanna scare the people and promote her nonsense :P

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The hell with her.

Another psychopath set on enslaving humanity.

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or is this a trick to scare people away, sell their altcoins or never involved with any while the big banks and big funds are buying in bulk? ;)

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Seems like a total spin job to me. Hopefully the general public are smart enough to see through it and they pressure their elected officials to fight against any unneeded regulation.

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judging by the general public in the European countries such as Greece that i live we are not that smart :P our politicians are the worst :P

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