Bitcoin, the world’s leading cryptocurrency, must be governed by coordinated global regulations, Christine Lagarde, president of the European Central Bank, said on 13 January at the Reuters Next economic forum.

Her call for controls echoed that of other policymakers in several countries.

The digital currency “is a highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money-laundering activities,” she said, referring to unspecified criminal investigations.

“Regulation has to be applied and agreed upon at a global level because if there is an escape, that escape will be used,” she contended.

TRENDPOST: Following Ms. Lagarde’s crypto warning, bitcoin dropped some 6 percent. We note this for two reasons. First, there will be a digital euro in the near future, and the EU does not want competition. Second, the central Banksters have no control over cryptocurrencies and, as such, they will not permit completion at any level. They demand complete control of currencies, and with their launching of digital ones, they will be able to track where it was spent, on what, when, and where... allowing governments to grab full taxes on all monies spent. (See our 24 March article, “FROM DIRTY CASH TO DIGITAL TRASH.”)

  1. Michael Ullman 1 month ago

    George Baily: “I know very well what you’re talking about. You’re talking about something you can’t get your fingers on, and it’s galling you. That’s what you’re talking about, I know…Well, I’ve said too much. I…You’re the Board here. You do what you want with this thing. Just one more thing, though. This town needs this measly one-horse institution if only to have some place where people can come without crawling to Potter.”
    Sounds familiar.

  2. John Kennedy 1 month ago

    Michael, a quote from my all-time favorite film. True now as it was then.

  3. Paul Sacco 1 month ago

    Good one, Michael, very appropos.

  4. Michael Howley 1 month ago

    so folks… are cryptos going to crash or will they be able to hold out?

  5. Michael Howley 1 month ago

    I know this may be a very stupid question but what does downward breakout mean? Is it that once the price hit’s this point it begins to rise, or to collapse?

    Thanks for reading… if you have any ideas I’d be grateful. (I’m a beginner)

  6. Freelantz 1 month ago

    It’s all about control. Just like FB and Twitter censoring you if they don’t agree with your comments. Let’s round up the sheepeole. Get ’em ready for slaughter.

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