The President of the European Central Bank revealed that she has personal reasons for not trusting these assets because her son would be harmed in this type of investment.
Christine Lagarde, president of the European Central Bank (ECB), has been one of the most active voices in Europe against cryptocurrencies, warning of their speculative and volatile properties.
The President of the European Central Bank revealed last Friday that she has personal reasons for not trusting these assets, as her son will be harmed by this type of investment. Without revealing which of her two children was affected by this situation, Lagarde revealed that one of her children lost almost everything.
“He completely ignored me, and that was his right, but he lost almost all the money he invested,” Lagarde confirmed at a meeting held in Frankfurt with a group of students.
The President of the European Central Bank explained that fortunately the losses were not very high in absolute terms, but they were very large in relative terms, as her son lost 60% of his investments. “When I talked to him about this case, after losing money, he finally proved me right.”
The European Central Bank called for global regulation of cryptoassets to protect consumers who are unaware of the risks involved, and to pursue money laundering using this type of asset.
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