Top ECB executive urges governments to prevent “lawless frenzy of risk-taking” in crypto market.
Comparing the rise of crypto assets to the gold rush, a top executive at the European Central Bank has urged governments to take action to prevent “a lawless frenzy of risk-taking.” Speaking in the U.S., the ECB official called for a global regulatory clampdown on cryptocurrencies and stepping up efforts to issue central bank digital currencies.
Crypto evangelists promise heaven on earth, using an illusory narrative of ever-rising crypto asset prices to maintain inflows and thus the momentum fueling the crypto bubble. But appearances are deceptive. Satoshi Nakamoto’s dream of creating trustworthy money remains just that – a dream. The majority of crypto holders, the banker also noted, rely on intermediaries which is contrary to the philosophy of decentralized finance, as he put it. “Crypto assets are bringing about instability and insecurity – the exact opposite of what they promised. They are creating a new Wild West,” Fabio Panetta added.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
The Threat of Nuclear War Is Real, Top Russian Official Says; U.S. Wants to See Moscow ‘Weakened'. Follow Our Live UpdatesRussia has said that the threat of a nuclear war is “very, very significant.”
Leer más »
Top 3 trending altcoins to buy in 2022 | The Market ReportWhat are the trendiest altcoins of 2022? Join us today as our hosts BY_DeFi, CryptoDuality, forgeforth_, and noshitcoins make a case for $GMT, $APE, and $LUNA! Tune in at 12PM EST:
Leer más »
Short S&P 500 and Long AUDUSD: Top Trade OpportunitiesHeading into the second quarter of 2022, there are a number of high level themes competing for investors’ attention. Get your market update from JohnKicklighter here:
Leer más »
Truth Social Hits Top Of Free IPhone App Download Chart After Musk Strikes Twitter DealThe Twitter app ranked second among free apps in the App Store a day after news broke that the company agreed to be acquired by the world’s richest person for $44 billion.
Leer más »
Top Russian diplomat warns Ukraine and Western allies against provoking World War IIIRussia pounded eastern Ukraine on Tuesday as the U.S. defense secretary promised to “keep moving heaven and earth” to get Kyiv the weapons it needs -- even as Moscow warned such support risked widening the war.
Leer más »
Walter Payton, Northside College Prep Listed Among Top High Schools in Nation on U.S. News RankingsAccording to the annual list released Tuesday, Walter Payton College Prep was ranked as the No. 5 high school in the country for 2022, once again placing first in both Chicago and across all of Illinois.
Leer más »