The representative of the ECB has called Bitcoin "evil offspring of the financial crisis"
Source:According to the Agency Bloomberg, a member of the governing Council of the European Central Bank considers Bitcoin a "vicious offspring of the financial crisis of 2008." The remark he made at the Bank for international settlements in Basel, Switzerland. Keru began to criticize Bitcoin in the context of the crisis during which Lehman Brothers went bankrupt. It was a turning point to strong economic shocks and the subsequent protracted recession.
Few people remember that the inventor of Bitcoin Satoshi Nakamoto introduced into the Genesis block of the cryptocurrency with the headline the Times of January 3, 2009 on the surrender of the British banks. In many ways, Bitcoin is just a vicious offspring of the financial crisis.
Benoit acknowledges the wide interest around the coins. However, he says that "in the opinion of the majority of market participants, the digital currency of the Central banks is unlikely to appear within the next 10 years in any form".
Previously, General Manager of the BIS, Agustin Carstens has also made a number of skeptical remarks about cryptocurrency. He described Bitcoin as "an explosive mixture bubble, Ponzi schemes and environmental catastrophe".
Source: Solarcoin
The position of the representative of the ECB is contrary to IMF managing Director Christine Lagarde. Recall, during his speech at the Fintech Festival in Singapore on 14 November, Lagarde acknowledged that Central banks should consider the possibility of issuing digital currencies. However, it should be done with caution.
At the same time that Stanley Yong calls the digital currency from Central banks, the only way to reduce the risks inherent to the Lehman crisis in 2008. According to him, they would help to prevent the freezing of the payments system – that is, for the most part then triggered a Domino effect. More data to search for .
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