• Europe's central bank wants nothing to do with cryptocurrency

    2 monthes ago - By The Next Web

    Europe's central bank won't be touching cryptocurrency any time soon. Its president Mario Draghi shot down hopes of an EU-sanctioned digital currency, criticising blockchain tech for being too young and fragile to be useful. “The ECB and the Eurosystem currently have no plans to issue a central bank digital currency,” Draghi disclosed to the European Parliament. He then proceeded to declare that blockchains still “require substantial further development,” and saw no “concrete need” for Europe to issue an official digital currency, Reuters reports. Blockchain gurus often flout high-powered...
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  • ECB has no plan to issue digital currency: Draghi

    ECB has no plan to issue digital currency: Draghi

    2 monthes ago - By Reuters

    The European Central bank has no plan to issue a digital currency because the underlying technology is still fragile and the use of physical cash still high in the euro zone, the ECB president said on Friday.
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