Gabriel Makhlouf, Governor of the Central Bank of Irelandargued that investing in cryptocurrencies is a gamble.
The progress of cryptocurrencies has divided countries and governments in two. Many countries and institutions consider cryptocurrencies to be usable and positive. On the other hand, there are countries that stand out with their prohibitions and repressive approaches. in the middle of it all Makhlouf, Governor of the Central Bank of Irelandmade striking statements. The president treated cryptocurrencies as gambling.
Irish Central Bank Governor Strikes Cryptocurrencies
Governor of the Central Bank of Ireland GabRiel Makhlouf stated that he sees investments in cryptocurrencies as gambling.
The Chairman addressed the risks posed to individual customers by the Bank of Ireland’s unsupported cryptocurrencies. MakhloufHe stated that he is very concerned about the risks of cryptocurrencies.
Makhloufdelivered a speech to the Irish parliamentary committee. Here the President “crypto assets have no social value whatsoever and are like ponzi schemes” told.
Moreover Makhloufargued that investors are actually gambling by investing in cryptocurrencies. Makhlouf, who kept the crypto coins on the ball, said;
“When you gamble you can win, but most of the time when you gamble you really lose. If people want to gamble, we should let them gamble.”
Makhlouf, Governor of the Central Bank of IrelandThese critical statements of ‘s attracted attention.
