ECB President Draghi: Cryptocurrency Impact Still ‘Limited’

The head of Europe’s central bank thinks cryptocurrencies are too low-impact to regulate.

Speaking to the European Parliament on Monday, Mario Draghi said digital currencies are not a threat to the ECB’s control over the euro due to a lack of adoption within the 27-member economic bloc. As a result, cryptocurrencies’ impact on the economy would be limited, according to Reuters.

He was quoted as telling lawmakers:

“We think that all this is pretty limited. So it’s not yet something that could constitute a risk for central banks.”

Draghi’s remarks come just days after an ECB governing council member said central banks are trying to decide whether to regulate digital currencies…

Read Full: ECB President Draghi: Cryptocurrency Impact Still ‘Limited’ – CoinDesk