{"id":61829,"date":"2022-05-23T08:18:14","date_gmt":"2022-05-23T05:18:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=61829"},"modified":"2025-09-05T14:28:30","modified_gmt":"2025-09-05T11:28:30","slug":"ecb-chief-calls-for-regulation-of-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ecb-chief-calls-for-regulation-of-cryptocurrencies\/","title":{"rendered":"ECB chief calls for regulation of cryptocurrencies"},"content":{"rendered":"<p>The president of the European Central Bank, Christine Lagarde, said that cryptocurrencies are unbacked and should be regulated. Bloomberg reports.<\/p>\n<p>Lagarde noted that she is very concerned about people who do not understand the risks of investing in crypto assets and could lose everything.<\/p>\n<p>In her view, cryptocurrencies \u201care worth nothing, unbacked, with no underlying asset that could serve as a safety anchor.\u201d<\/p>\n<p>The head of the ECB contrasted crypto assets with the digital euro, which the regulator <a href=\"https:\/\/forklog.com\/en\/news\/ecb-outlines-timeline-for-digital-euro-issuance\">could issue by 2026<\/a>.<\/p>\n<p>Earlier Lagarde stated that <a href=\"https:\/\/forklog.com\/en\/news\/lagarde-rejects-comparisons-between-stablecoins-and-currencies\">all cryptocurrencies and stablecoins meet the definition of speculative assets<\/a> and calling them currencies is inappropriate.<\/p>\n<p>In April, the ECB called for <a href=\"https:\/\/forklog.com\/en\/news\/ecb-calls-for-global-regulation-of-cryptocurrencies\">global regulation of the crypto market<\/a>.<\/p>\n<p>Read ForkLog\u2019s bitcoin news in our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 news on cryptocurrencies, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ECB chief Christine Lagarde said that cryptocurrencies are unbacked and should be regulated.<\/p>\n","protected":false},"author":1,"featured_media":61830,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[205,1410,36],"class_list":["post-61829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-christine-lagarde","tag-ecb","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=61829"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61829\/revisions"}],"predecessor-version":[{"id":61831,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61829\/revisions\/61831"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/61830"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=61829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=61829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=61829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}