European Central Bank reiterates need to regulate Bitcoin

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 . Next where she argued that “Bitcoin is a highly speculative asset, which has carried out some fun business 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 Bitcoin miner, rates the regulations as positive for crypto as they spur 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 establish a firm opinion about cryptocurrencies. So, “with an open-minded spirit, I strive to learn,” he said.

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 announcement specifies that “as a required condition for approval, the company entered into an operating contract that establishes, 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 do a cryptocurrency advertisement. 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. Have 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 affected is 292,000 people. The setback suffered by Bitcoin made it much stronger, says the CEO of the crypto exchange Binance, Changpeng Zhao. Jonathan Ruffer, CEO of Ruffer Investment Company, assured that the company converted a part of your gold holdings in Bitcoin in November 2020.

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