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The Corner


Joined: 02/26/2002 Posts: 91
Likes: 83


I know there are some diehard fans of crypto on the board. While I'm intrigued by some of their characteristics (of the cryptos--not the fans, just to be clear!), I'm not ready to start buying crypto due to several concerns I have. One of the biggest is the potential for .gov to either a) heavily regulate them to the point they lose their attractiveness as a safety outlet for out-of-control monetary and/or fiscal policies or b) outright ban them.

On Wed, current ECB President, Christine Lagarde, said this:
"FRANKFURT (Reuters) - European Central Bank President Christine Lagarde called on Wednesday for global regulation of Bitcoin, saying the digital currency had been used for money laundering activities in some instances and that any loopholes needed to be closed."

Does this call for regulation cause any BTC fans to re-consider their position?

* - It's ironic she mentions BTC & money laundering in the same breath given some of the biggest & serial offenders are the TBTFs, which never seem to get prosecuted--but that's a rant for another day.

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Posted: 01/13/2021 at 11:01AM


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Current Thread:
Cryptocurrencies -- farragut 01/13/2021 11:01AM
  It has no KYC or AML -- eric cartman 01/13/2021 12:17PM
  If you get into it, don't forget your password -- 105A 01/13/2021 11:45AM
  Don't feel too bad -- HooStu 01/13/2021 12:03PM
  True, true. -- farragut 01/13/2021 12:06PM

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