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ECB head calls for separate framework to regulate crypto lending

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A week after the major American crypto lending platform Celsius had to freeze the withdrawal option for its users, European Central Bank (ECB) president Christine Lagarde voiced her conviction on the necessity of tighter scrutiny over this part of the crypto market.

During the testimony before the European Parliament on Monday, June 20, Christine Lagarde expressed her thoughts not only about the looming inflation in Europe and around the globe but also about the increasing activities of crypto-assets staking and lending.

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