European Central Bank () president Mario Draghi said that are not real currencies during the meeting with the winners of the , as Cointelegraph Italia on May 9.
During the meeting, Draghi a question about asked by one of the winners of the award:
“ or bitcoins, or anything like that, are not really currencies — they are assets. A euro is a — today, tomorrow, in a month — it’s always a euro. And the ECB is behind the euro. Who is behind the ? So they are very, very risky assets.”
The crypto community on Twitter criticizing Draghi’s stance and pointing to fiat currencies’ inflation as a proof of the fact that the euro is not stable in its price either.
In his comments, the head of the ECB also claimed that currently, “are not significant enough in their entity that they could affect our economies in a macro way.”
As well, Draghi stated that it is not ECB’s competency to regulate . Instead, according to him, it is “something that falls within the consumer protection competence, where you want to make sure that people who buy into these assets know what they do and are aware of the risks they run.”
As Cointelegraph in September last year, theECB has no plans to issue its own .
In May 2018, ECB board member Yves Mersch had that banks should segregate their dealings in from other activities.
Published at Thu, 09 May 2019 17:44:37 +0000
