{"id":8212,"date":"2021-06-14T01:54:49","date_gmt":"2021-06-14T01:54:49","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/christine-lagarde-reaffirms-ecbs-crypto-policy-as-bitcoin-becomes-legal-tender-in-el-salvador\/"},"modified":"2021-06-14T01:54:49","modified_gmt":"2021-06-14T01:54:49","slug":"christine-lagarde-reaffirms-ecbs-crypto-policy-as-bitcoin-becomes-legal-tender-in-el-salvador","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/christine-lagarde-reaffirms-ecbs-crypto-policy-as-bitcoin-becomes-legal-tender-in-el-salvador\/","title":{"rendered":"Christine Lagarde Reaffirms ECB\u2019s Crypto Policy as Bitcoin Becomes Legal Tender in El Salvador"},"content":{"rendered":"<p><strong>The president of the European Central Bank (ECB), Christine Lagarde, has shared her view on El Salvador making bitcoin legal tender. She confirmed that the central bank\u2019s policy on bitcoin and other cryptocurrencies has not changed.<\/strong><\/p>\n<h2>ECB\u2019s Lagarde Comments on El Salvador Making Bitcoin Legal Tender<\/h2>\n<p>ECB President Christine Lagarde has shared her view last week on El Salvador\u2019s move to make bitcoin legal tender. The country <a href=\"https:\/\/news.bitcoin.com\/el-salvador-bitcoin-law-making-btc-legal-tender-passes-with-supermajority\/\">passed<\/a> a bill last week making bitcoin legal tender alongside the U.S. dollar.<\/p>\n<p>Lagarde first admitted that since she left the International Monetary Fund (IMF), she is \u201cno longer familiar with the situation in El Salvador.\u201d The ECB chief noted, \u201cI know that it is a country that is under the IMF program.\u201d<\/p>\n<p>While pointing out that \u201cthe issue of having dual tender in a particular economy is a difficult one,\u201d Lagarde confirmed:<\/p>\n<p>That certainly does not change our approach to crypto assets and to regulations, supervision, and proper classification that they should be under to avoid misinformation and misleading representations.<\/p>\n<p><!-- growjs zone placement 31 -->    <!-- end of growjs zone placement --> <\/p>\n<p>After El Salvador passed the bill making bitcoin legal tender, the IMF said that it saw <a href=\"https:\/\/news.bitcoin.com\/imf-concerns-el-salvador-making-bitcoin-legal-tender\/\">legal and economic issues<\/a> regarding this move. A BIS official also commented recently that it is an \u201c<a href=\"https:\/\/news.bitcoin.com\/bis-bitcoin-fails-means-of-payment-el-salvadors-btc-law-interesting-experiment\/\">interesting experiment<\/a>\u201d but it does not change the BIS\u2019s view on bitcoin and other cryptocurrencies, insisting that <a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BTC\">BTC<\/a> fails a means of payment test.<\/p>\n<p>Lagarde <a href=\"https:\/\/news.bitcoin.com\/ecb-chief-lagarde-cryptocurrencies-money-laundering-no-intrinsic-value-buy-prepared-to-lose-all-money\/\">warned<\/a> last month that cryptocurrencies are prone to money laundering and have no intrinsic value. In January, she <a href=\"https:\/\/news.bitcoin.com\/ecb-christine-lagarde-global-bitcoin-regulation-btc\/\">said<\/a>: \u201cIt\u2019s a highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity.\u201d<\/p>\n<p><em><strong>What do you think about Lagarde\u2019s comments on bitcoin? Let us know in the comments section below.<\/strong><\/em><\/p>\n<p>Bitcoin News<br \/>\nRegulation, bitcoin legal tender, bitcoin national currency, Christine Lagarde, ECB, ecb bitcoin, ecb el salvador, el salvador bitcoin, lagarde bitcoin<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The president of the European Central Bank (ECB), Christine Lagarde, has shared her view on El Salvador making bitcoin legal tender. She confirmed that the central bank\u2019s policy on bitcoin and other cryptocurrencies has not changed. ECB\u2019s Lagarde Comments on El Salvador Making Bitcoin Legal Tender ECB President Christine Lagarde has shared her view last&hellip;<\/p>\n","protected":false},"author":0,"featured_media":8213,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-8212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8212"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=8212"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/8213"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=8212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=8212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=8212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}