The Fans of all the well-known crypto-currencies, whether Bitcoin, Ethereum or Ripple wondering what “could be the next big thing” that is the price driver in the entire crypto-market. Hopes there are many, that one thing that crystallized similar to the ICOs 2017, and then the rates are higher. The market of crypto currencies is still very young. Therefore, there is still a lack of regulation by the legislature – an obstacle for sustainable crypto adaptation.Many see increased regulation as a positive, since it strengthens the trust. So the crypto adaptation could be promoted and more institutional investors to invest. Now Christine Lagarde has been reported again and gives a positive effect.
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Crypto regulation: the carrot and the stick
In an article that was prepared a few days ago for the Committee of the European Parliament “economic and monetary Affairs”, reports Christine Lagarde, the Head of the International monetary Fund, IMF, to word. It stresses the importance of new technologies. This also includes crypto-currencies and the need to promote this for the common good.In the article Lagarde says:
In this environment, the Central banks and Supervisory authorities must ensure the safety of the financial sector, but also be open to the opportunities of change.
She has continued her statements with the words:
In the case of new technologies – including digital currencies – this means that one is aware of the risks in relation to financial stability, privacy, or criminal activities and to ensure that there is appropriate regulation, in order to use the technology for the common good.
The IMF Head also emphasized that it also means “to make the General social benefits of innovations and to give them room for development”.Play now for free the world’s leading Social Trading network. Copy on eToro’s most successful traders and benefit from their Expertise or trade a variety of Assets such as crypto-currencies, commodities, and stocks. Create a free Demo account with$ 100,000 and see for yourself!
Statements for crypto adaptation fit into the picture
In summary, Lagarde argues, therefore, for a suitable regulation of the young crypto-range, as also for innovation run free.The statements of Lagarde’s are not currencies, the first in connection with Crypto. Again and again she has expressed a positive attitude to the developments of digital currencies. Some time ago you called Ripple and Circle, for example, “helpful”.At this point, you should call again the ‘relevance’ of Christine Lagarde in memory. Lagarde, the Head of the International monetary Fund – a United Nations-related organization whose primary mission is the provision of loans to countries with financial difficulties ‘is up to date. In the future, Lagarde is no longer acting as the Head of the IMF, but a (not less) important role: Lagarde is to 01. November 2019, the President of the European Central Bank and, therefore, active in the European financial and monetary policy. Therefore, the following question arises:
Is inspired the crypto-adaptation by Lagarde?
As mentioned above, a better regulation of the crypto market could have a very positive impact. Regulation generally increases the confidence in the area and can contribute to its development. Also, if the institutionalisation has increased through the Investments of institutional investors is strong, hold back a lot because of the regulation.Statements from the very top, such as that of Lagarde, let crypto-Fans, so sit up and take notice. Not only that, the content of such statements is long-term positive. They also generate short-term attention for the crypto-area and show that crypto-currencies is a popular topic. It remains to be seen, what to expect in the future from the legislator to the regulation and the extent to which this drives the crypto adaptation and so may be the price driver in the market will be.What do you think about the statements of Christine Lagarde? Do you think you will have a positive effect on the courses? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News.
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