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Showing posts with the label christine lagarde

ECB chief Lagarde says son ignored her, lost 'almost all' crypto

European Central Bank ( ECB ) president Christine Lagarde told an auditorium on Friday that her son had lost “almost all” of his crypto investments and ignored her warnings. Speaking to students in Frankfurt, Lagarde said her son “ignored me royally, which is his privilege. And he lost almost all the money that he had invested,” (via Reuters). Lagarde has been extremely vocal about her anti-crypto stance, repeatedly calling the digital assets worthless. “I have, as you can tell, a very low opinion of cryptos,” she told the students in Germany. ECB says crypto regulation needed MiCA yesterday — it’ll take years to enact Read more: ECB calls for stablecoin regulations to protect wider economy “People are free to invest their money where they want, people are free to speculate as much as they want, [but] people should not be free to participate in criminally sanctioned trade and businesses.” The ECB chief has two sons, Pierre-Hen...

Fed Chair Powell Sees 'Real Need' for More Appropriate Defi Regulation Citing 'Very Significant Structural Issues'

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Federal Reserve Chairman Jerome Powell says decentralized finance (defi) has “very significant structural issues,” emphasizing a “real need” for more appropriate regulation of the defi ecosystem . Fed Chair Jerome Powell on Defi Regulation Federal Reserve Chairman Jerome Powell talked about the regulation of decentralized finance (defi) Tuesday during a panel discussion on digital finance hosted by Banque of France. “The monetary policy normalization that we’re seeing all over the world,” Powell began. “All it did was simply reveal what we’ve long pointed out as significant structural issues in the defi ecosystem and conflict of interest.” He stressed: Within the defi ecosystem, there are these very significant structural issues around transparency — lack of transparency. “The good news, I suppose, is that … from the financial stability standpoint, the interaction between the defi ecosystem ...