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Governor Of Ireland's Central Bank Expresses Skepticism Around Cryptocurrencies As Global Banks Consider CBDCs
Summary: European Central Bank governing council member Gabriel Makhlouf said that Bitcoin investors need to be prepared to lose all of their money in a recent interview with Bloomberg. “Personally, I’m not sure why people invest in those sorts of assets, but they see them as assets clearly,” Makhlouf, who is also governor of Ireland’s central ...
European Central Bank governing council member Gabriel Makhlouf said that Bitcoin investors need to be prepared to lose all of their money in a recent interview with Bloomberg.
“Personally, I’m not sure why people invest in those sorts of assets, but they see them as assets clearly,” Makhlouf, who is also governor of Ireland’s central bank, told Bloomberg TV. “Our role is to make sure that consumers are protected.”
Earlier this month European Central Bank President Christine Lagarde said that cryptocurrency is a highly speculative asset. The skepticism surrounding cryptocurrencies from central bank leadership also comes at a time when many central banks are exploring issuing central bank digital currencies.
By Emily Mason
Tags: Bitcoin,BTC,Christine Lagarde,European Central Bank
Link: Governor Of Ireland's Central Bank Expresses Skepticism Around Cryptocurrencies As Global Banks Consider CBDCs [Copy]
