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European Central Bank (ECB) President Christine Lagarde said bitcoin has facilitated “funny business” needs to be regulated at a Reuters online event Wednesday.
- Lagarde also described bitcoin as a “speculative asset,” according to a report from FX Street.
- The EU central bank chief said there will be a digital euro, hopefully in no more than five years.
- The ECB has been looking into the benefits and risks of a digital currency since the Facebook-backed Diem (formerly Libra) project was announced.
- This is a breaking story and more details are expected.
