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Bitcoin is a speculative asset that needs to be regulated globally

European Central Bank (ECB) President Christine Lagarde on Wednesday, January 13, called for global regulation of bitcoin. Reported by Reuters. Lagarde said bitcoin’s anonymity raises concerns about its use in money laundering and other illegal activities. “Bitcoin is a highly speculative asset that is being used in suspicious cases as well as totally reprehensible money laundering activities,” Lagarde said in an interview with Reuters. Lagarde did not provide specific examples of money laundering through bitcoin. She said that she was aware of criminal investigations into illegal activities involving bitcoin and did not go into details. “There must be regulation. It must be applied and agreed globally, because if there are loopholes, they will be exploited, ”Lagarde said.

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