ECB's Panetta Blasts Crypto as ‘Ponzi Scheme’ Fueled by Greed
European Central Bank Executive Board member Fabio Panetta on Monday called for new global standards to regulate crypto assets, and also suggested they could be taxed more heavily given their high energy consumption.
According to the published text of a speech to be given later in the day, Panetta said crypto-assets were harmful to society and without social or economic value.“Crypto-assets are speculative assets that can cause major damage to society,” Panetta said. “They derive their value mainly from greed, they rely on the greed of others and the hope that the scheme continues unhindered.”
Source
https://t.me/Crypto_Futures_Trading
