Governor of the European Central Bank: Cryptocurrencies supported by fiat currencies are assets and should not be confused with currencies.

09月

2021-9-3 00:45

According to Golden Financial News, European Central Bank (ECB) President Christine Lagarde has said cryptocurrencies backed by fiat bonds are assets and should not be confused with currencies. Lagarde argued that stablecoins, for example, were profitable. In fact, they present themselves as money, even though they are not. So we all need to be honest in the financial markets and in management. He said fixed coins or cryptocurrencies linked to fiat currencies such as the US dollar fit the description. Lagarde said: "Recent history shows that these deposits are unnecessary and liquid as needed."

70% of Salvadorans want to abolish Bitcoin rights.

Golden Financial reports that 70% of Salvadorans want Bitcoin rights backed by President Nayb Bukele removed, according to a recent IudopUCA poll. 45% of people think poverty and unemployment are the two biggest problems in the country today. The past week has been a stressful time for El Salvador. Unions and members of various organizations have gone out of their way to oppose the Bitcoin bill. Protesters argue that Bukele is expected to play a key role in sectors such as health and education beyond cryptocurrency.

2021-9-3 00:35