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The ECB president said she is particularly worried about people who don’t understand the risks associated with the volatile digital currencies and “will lose it all.” That, she said, “is why I believe that that should be regulated.”
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“My very humble assessment is that it is worth nothing, it is based on nothing, there is no underlying asset to act as an anchor of safety,” Lagarde said in an interview on Dutch television, according to media reports.
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About the author: Seth Cropsey is founder and president of Yorktown Institute. He served as a naval officer and as deputy Undersecretary of the Navy and is the author of Mayday and Seablindness.
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