President of the European Central Bank: His son did not listen to his dissuasion and lost 60% of his money in crypto trading

Christine Lagarde, president of the European Central Bank, revealed that although she warned her son not to trade cryptocurrencies, he still chose to ignore her warnings, resulting in serious investment losses. Lagarde said: “He completely ignored me (advice), which was his prerogative, and he lost almost all the money he invested trading cryptocurrencies. It wasn’t much, but he lost everything, about 60%, so when I again Talking to him about it, he reluctantly admitted that I was right." Christine Lagarde added that she has a low opinion of cryptocurrencies. Although people are free to invest and speculate in the area, they should not be allowed to participate in businesses and transactions involving criminal activities. (Cryptoslate) According to previous news, European Central Bank President Christine Lagarde recently put forward a groundbreaking proposition that may completely change Europe's financial regulatory framework. Lagarde advocates the establishment of a European institution corresponding to the US SEC. The move aims to strengthen Europe’s financial capabilities to effectively address the pressing challenges facing the region. The establishment of the European Securities and Exchange Commission, to replace the current patchwork of national regulators, is seen as crucial to raising the significant funding needed to address these challenges. This new regulator will not only simplify regulation but also improve the efficiency of capital markets across Europe. In addition, Lagarde emphasized the need for integration among financial exchanges in European countries. Lagarde believes that a unified European capital market is crucial to cultivating a strong economic environment. Such integration would not only streamline financial processes but also strengthen Europe's position in global finance.