Crypto regulation has been an issue that has gained quite a bit of strength especially during 2020. However, it is far from being a recent issue. Even so, Christine Lagarde, president of the ECB, reiterates the need to regulate Bitcoin.
Immediate regulation for Bitcoin!
Christine Lagarde, President of the European Central Bank (ECB), participated in an interview on Reuters Next where she argued that “Bitcoin is a highly speculative asset, which has carried out some fun deals and interesting and totally reprehensible money laundering activity.”
So it ensures that the leading crypto needs to be regulated. However, “This has to be applied and agreed at a global level because if there is a leak, that leak will be used.”
In this sense, “Global cooperation, multilateral action is absolutely necessary, whether initiated by the G7, transferred to the G20 and then expanded. It is something that needs to be addressed.
However, the regulation of Bitcoin does not have to be associated with something negative. In fact, Peter Wall, a North American crypto miner of Bitcoin, rates the regulations as positive for crypto as they stimulate their adoption.
Howard Marks remains skeptical of the crypto leader but without a firm opinion
The activity of the leading crypto, especially over the past year, has managed to steal more than one heart among billionaire investors. However, Howard Marks reaffirms that he has not been able to with him.
Specifically, in his latest report, the billionaire co-founder of Oaktree Capital Management explains why he had been so skeptical of Bitcoin and what his current position is on the asset.
So, in a very curious way, Marks ensures that he remains skeptical of Bitcoin, but not because crypto is not worth or has no potential but because skepticism is a key strategy for the value investor.
“It is this skepticism that reduces the likelihood that the value investor will lose money”says the billionaire.
In this way, he admits to having come to the conclusion that he is not sufficiently informed to set a firm opinion on cryptocurrencies. So that, “With an open-minded spirit, I strive to learn”, he assured.
Anchorage has received the permits to be the first digital bank
The Office of the Comptroller of the Currency (OCC) has given crypto firm Anchorage the green light for a national trust statute and the creation of Anchorage Digital Bank.
Therefore, according to the announcement, the crypto firm has the conditional authorization to operate as a fiat institution at the national level.
However, this was not achieved without giving in to the OCC. Thus the ad specifies that “As a required condition for approval, the company entered into an operating contract that sets out, among other things, the capital and liquidity requirements and risk management expectations of the OCC.”
Lindsay Lohan promotes to crypto
Lindsay Lohan was hired to advertise cryptocurrencies. This happened through a platform called Cameo.
I’m just here to say that Ethereum is going to $ 10,000 and Bitcoin to $ 100,000. Enjoy a prosperous 2021 and I hope everyone can drive their lambos to the moon ».
According to the platform, anyone can ask Lohan for a video for $ 350 and enter the chat for $ 19.99. Would you pay it?
In a few lines …
- The crypto firm Ledger revealed that the personal data of another 20,000 customers were exposed after a security breach of their databases. Thus the total of those affected is 292,000 people.
- The setback that Bitcoin suffered made it much stronger, says the CEO of crypto exchange Binance, Changpeng Zhao.
- Jonathan Ruffer, CEO of Ruffer Investment Company, assured that the company converted a portion of its gold holdings into Bitcoin in November 2020.