European Central Bank President Christine Lagarde intervened to prevent Binance from establishing a foothold in the European Union, according to a report cited by Bitcoin Magazine. The Wall Street Journal report, as summarized by Bitcoin Magazine, identifies Lagarde as the official who blocked the cryptocurrency exchange’s EU entry. Lagarde has previously criticized Bitcoin and supports central bank digital currencies, according to the source. The reported intervention places the ECB president at the center of a development involving one of the crypto market’s best-known exchanges and could be relevant to market participants tracking Binance, BNB and Bitcoin. The source does not provide further details on when the intervention occurred, the specific mechanism used, or the wider regulatory process surrounding Binance’s proposed EU presence. The report has not been independently expanded upon in the supplied material.
Report: ECB President Christine Lagarde Blocked Binance’s EU Entry
A Wall Street Journal report cited by Bitcoin Magazine says ECB President Christine Lagarde blocked Binance from establishing a foothold in the European Union. Lagarde has previously criticized Bitcoin and supports central bank digital currencies, the source says.
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