News Formal

ECB's Lagarde calls for regulating bitcoin's 'funny business'

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

The digital currency has come out of its niche and is gaining mainstream popularity. FMTNews ECB

Lagarde cites criminal investigations into illegal activity involving bitcoin without elaborating.

Bitcoin has come out of its niche in recent years and is now bought by ordinary people, investment funds and even large corporations. But its largely anonymous nature has raised concerns that it could be used for money laundering and other illegal activities. Lagarde did not provide specific examples of money laundering cases but said she understood there had been criminal investigations into illegal activity. She did not elaborate.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US, European stocks rises as ECB fires bazooka, US sheds less jobs | Malay MailLONDON, March 11 — European and US stock markets pushed higher today after the ECB accelerated its stimulus bond buying and the jobs market in the United States improved. The ECB said after its latest monetary policy meeting that it will ramp up the pace of its pandemic emergency bond buys, in a...
Source: malaymail - 🏆 1. / 86 Read more »