ECB Economist: “Bitcoin is the evil spawn of the financial crisis”

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ECB Economist: “Bitcoin is the evil spawn of the financial crisis”

Postby kreslik.news » Thu Nov 15, 2018 11:25 am


It’s not often that regulators, particularly French ones, have anything positive to say about the cryptocurrency industry. But, on Thursday this week, a member of the European Central Bank (ECB) executive board – Benoît Cœuré – said, with a huge caveat, that Bitcoin was a “clever idea.”

Cœuré made his comments at the Economics of Payments IX conference, an event hosted by the Bank for International Settlements in Basel. As its name suggests, the event focuses on payments and financial markets infrastructure.

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Opening the conference with a keynote, Cœuré noted that the ... (read more)

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