According to Reuters news site, European Central Bank President Christine Lagarde has reportedly urged for the global regulation of cryptocurrency, Bitcoin, after she cited instances where Bitcoin had been used for money laundering purposes and other financial criminal activities.
As Bitcoin gains wider recognition and also investment from corporations, financial institutions and the general public, concerns regarding the technology surrounding Bitcoin which promotes anonymity have surfaced. These concerns include criminal activities involving Bitcoin as well as the wall of anonymity used by crime financiers.
A number of regulators around the world have also been asking for regulations to be applied on cryptocurrency trading.
Full Article:
