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NEWS: ECB chief Lagarde admits her son lost crypto cash

Pressekonferenz der Europaeischen Zentralbank EZB Christine Largarde, die Praesidentin der Europaeischen Zentralbank untermauert ihre Aussagen mit Handgeste bei der Pressekonferenz nach der Sitzung des EZB Rat in der Zentrale der Europaeischen Zentralbank, Frankfrut am Main, 27.07.2023 Frankfurt am Main Hessen Deutschland *** Press conference of the European Central Bank ECB Christine Largarde, the President of the European Central Bank underlines her statements with hand gesture at the press conference after the meeting of the ECB Governing Council at the headquarters of the European Central Bank, Frankfrut am Main, 27 07 2023 Frankfurt am Main Hesse GermanyNo Use Switzerland. No Use Germany. No Use Japan. No Use Austria

By Balazs Koranyi

No one is a prophet in their own land, including European Central Bank President Christine Lagarde, who admitted on Friday that her son lost “almost all” of his investments in crypto assets, despite copious warnings.

Lagarde has long railed against cryptocurrencies, calling them speculative, worthless and a tool often used by criminals for illicit activity.

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