Member of the governing Council of the ECB: cryptocurrencies are a poor excuse of money

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2018-03-13 19:30:04

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Member of the governing Council of the ECB: cryptocurrencies are a poor excuse of money

The March meeting of "Big twenty" will be held in Argentina from 19 to 20 March. The participants of the conference for the first time the topic of cryptocurrencies, Finance and cyber security. In the future, the subject can gain a foothold. On the eve of the summit the theme of coins commented on the member of the Board of governors of the European Central Bank.

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What is a cryptocurrency version of a member of the ECB governing Council

Benoit Coeure shared position statement on the ECB website, reports . At the same time the representative confirmed the agenda of the summit of Argentine.

Next week, the country «big twenty» (G20) will discuss Bitcoin and other electronic currency based on blockchain technology. These cryptocurrencies are a pitiful excuse for a money.

According to the Priest, almost no one evaluates the goods in coins and only some use them for payments. At the same time as a means of savings, cryptocurrencies are not suitable — they are "gambling casino games".

Politicians are rightly concerned with unauthorized use of cryptocurrencies by consumers and investors.

At the same time, Benoit added that Bitcoin and other coins are reminiscent of the Mirage. They can be a sign of change by analogy with pocket computers, which were the precursor to today's smartphones. Member of the Board believes that with current trends the theme of the future of money is relevant.

The Priest Also acknowledged the high rate of development of blockchain and Bitcoin. The experiments with models of financial institutions "did not show favorable results."

It is possible that a member of the ECB simply bought bitcoins for 20 thousand, and thus disrupts the anger on the coin.

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