Former International Monetary Fund (IMF) managing director and current European Central Bank (ECB) president Christine Lagarde is calling for multi-lateral action on a global scale to discourage criminals from trying to launder money with Bitcoin.
In a new conference with Reuters, Lagarde calls the world’s largest digital asset a “highly speculative asset” that has facilitated nefarious activities in the past.
“It is a speculative asset, by any account. If you look at the most recent developments upward, and now the most recent downward trend. For those who had assumed that it might turn into a currency, terribly sorry, but this is an asset and it’s a highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity…
There has to be regulations and this has to be applied and agreed upon. This is a matter that has to be agreed upon at a global level. If there is an escape, that