In the midst of Bitcoin’s wider awareness and adoption, the European Central Bank (ECB), which has previously evaluated Blockchain technology numerous times, seems to be quiet and distant from all the recent news and happenings. Or rather, this was the case until Benoît Cœuré, an executive member of the Central Bank, broke his silence stressing that they are not ignoring cryptocurrency.
ECB is watching the cryptocurrency scene
Despite the organization not having power to regulation Bitcoin, Cœuré shared the bank’s stance on cryptocurrency in an interview with Le Journal du Dimanche on Oct. 29. He claimed that the bank is following the development of cryptocurrency, briefly elaborating their views about the Bitcoin and other cryptocurrencies.
At present, the bank does not consider digital currencies a threat to the euro. They “don’t pose any monetary risk because the amounts involved are marginal,” he said…
Read Full: European Central Bank Denies the Issue of Ignoring Cryptocurrencies