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

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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.

 

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