Goodtoknow.com

DUBLIN, Jan 25 (Reuters) - Ireland's central bank governor urged lawmakers on Wednesday to ban the advertising of crypto assets targetted at young adults, likening crypto not linked to any [https://ajt-ventures.com/?s=underlying%20assets underlying assets] to a Ponzi scheme.<br> A long-time critic of crypto assets, Gabriel Makhlouf said that while they presented minimal financial stability risk for now, the Irish regulator was very concerned about the impact on retail customers.<br> "There's a reasonable number of young adults who have put their money into crypto and there is an uncomfortable level of advertising that is targeted at that cohort. If you could find a way, I would recommend that adverts to that cohort are banned," Makhlouf told an Irish parliamentary committee.<br> "Unbacked crypto is essentially a Ponzi scheme... People who put their money into unbacked crypo, and most of the significant stock of crypto out there is unbacked, they are essentially gambling."<br> "When you gamble you can win, but most of the time when you gamble, you're actually losing."<br> Makhlouf, a member of the European Central Bank's governing council, said recently agreed EU regulations will provide much-needed "guardrails" for  [https://bit.ly/deneme-bonusu-giris bit.ly] stablecoins - a type of crypto designed to hold a steady value - but that more regulation would likely be needed in the future.<br><br>(Reporting by Padraic Halpin; editing by Jonathan Oatis)<br><br><br><br>When you adored this short article and also you wish to get more info concerning [https://bit.ly/deneme-bonusu-giris deneme bonusu] kindly visit our own web-site.