Cryptocurrencies pose no risks to the euro due to their low prevalence – Mario Draghi
The head of the European Central Bank believes that the impact of cryptocurrencies on the euro is insignificant, so he does not consider the issue of their regulation. Writes about it Reuters.
During his speech to the European Parliament on Monday, Mario Draghi said that cryptocurrencies do not pose a threat to the ECB’s control over the euro, due to their low popularity in the EU..
“We think their influence is very limited. Therefore, we do not consider cryptocurrencies to be something that could pose a risk to central banks, ”Draghi said..
Draghi gave his comment just a few days after the ECB board member Ewald Novotny said that the department was considering possible options for regulating cryptocurrencies. According to him, lawmakers are wondering if they should follow the path of China, where exchange trading of cryptocurrencies was recently restricted, and intervene in the market..
Draghi has previously stated that he sees no point in regulating this space, calling bitcoin “not mature enough”.
In September, Draghi, answering a question about whether the ECB is going to do something in order to regulate the trade of cryptocurrencies, noted that his organization does not have the authority to do so..
Aksakov: Cryptocurrencies are a highly profitable business, which is logical to tax it It is necessary to determine the status of cryptocurrencies at the legislative level,…
Head of the IMF: Cryptocurrencies shake the banking system Financial technologies, including digital currencies, “shake” the banking system and require supervision…
Central Bank of India Scares Traders Again with Cryptocurrency Risks The Reserve Bank of India issues a new, second this year, warning about the dangers,…
The head of the Bank of Canada admitted that he does not sleep at night because of cryptocurrencies During a speech at a meeting of the Canadian Club, the head of the Bank of Canada Stephen Poloz…
ECB May Restrict Cryptocurrency Trading Like China European Central Bank Board Member Ewald Novotny said that…