European Central Bank Steps in as Banks Test Crypto Waters Ahead of Pan-EU Licensing Rules

European Central Bank Steps in as Banks Test Crypto Waters Ahead of Pan-EU Licensing Rules

The European Central Bank (ECB) said on Wednesday it would harmonise how banks offer cryptoassets to ensure they have enough capital and expertise in a sector some European Union lawmakers have described as the Wild West. Several crypto companies like Binance and Crypto.com have been authorised in EU countries such as…

European Central Bank Chief Christine Lagarde Says Cryptocurrencies Are ‘Worth Nothing’

European Central Bank Chief Christine Lagarde Says Cryptocurrencies Are ‘Worth Nothing’

European Central Bank President Christine Lagarde called cryptocurrency ‘worthless’ during an interview. Lagarde who’s consistently had a negative stance on cryptocurrencies reiterated her view claiming they are “based on nothing” and should be strictly regulated. Lagarde further argued that investing in Bitcoin and the altcoins could leave people “terribly disappointed”…