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Free Bitcoin 2020 Earn Free Bitcoin Daily in Internet 2020 Learn different ways to earn Bitcoins by completing simple tasks, Captcha’s and sell your Bitcoins for real money. Free Bitcoin 2020 What is Bitcoin? Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency. Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets. Bitcoins in its pure essence is money. It is digital curren

ECB President Christine Lagarde Says ‘It’s out of the Question’ That Central Banks Would Hold Bitcoin

ECB President Christine Lagarde Says ‘It's out of the Question’ That Central Banks Would Hold Bitcoin Soon

The president of the European Central Bank (ECB), Christine Lagarde, has clarified whether central banks will start holding bitcoin now that a growing number of companies, like Tesla, are embracing the cryptocurrency. Lagarde remains skeptical about bitcoin, having recently said it “has conducted some funny business.”

ECB Chief Christine Lagarde Denies Central Banks Will Hold Bitcoin

Following Elon Musk’s Tesla investing $1.5 billion in bitcoin, the president of the European Central Bank (ECB), Christine Lagarde, has clarified whether central banks will hold bitcoin.

During a conference call hosted by The Economist Wednesday, Lagarde said that she did not consider bitcoin to be a real currency, emphasizing that central banks won’t be holding it as a reserve currency. She was quoted by Business Insider as saying:

It’s very unlikely. I would say it’s out of the question.

Lagarde recently called on all countries, particularly the G7 or the G20 nations, to impose more regulations on bitcoin. She said bitcoin was “a highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity.” Many people soon pointed out that she was wrong and most illicit activities are conducted in fiat currencies.

Despite being skeptical of cryptocurrencies, like bitcoin, the president of the ECB noted that the coronavirus pandemic has pushed economies toward faster digital adoption, and the digital euro may be ready within four years.

Do you think central banks will eventually hold bitcoin? Let us know in the comments section below.



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