ECB Considers “Legal Restraints” Against Bitcoin Says Council Member

ecb
europeancentralbank
ewaldnowotny
austrian

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TL;DR:

The European Central Bank is looking into regulating decentralized currencies such as bitcoin. Austrian economist and ECB council member Ewald Nowotny said bitcoin is too volatile and lacks in regulatory supervision. Nowotny has been critical of bitcoin in the past, saying in July that bitcoin lacks the primary feature of a good currency: stability. He said the ECB will not ban bitcoin but wants to ensure that retail investors are “aware of the risks.”

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