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European Central Bank Executive Dubs Crypto “Evil Spawn” of Financial Crisis – Aisshwarya Tiwari

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An executive board member of the European Central Bank (ECB), Benoit Coeure, dealt a verbal blow to bitcoin and the infant cryptocurrency industry when he termed the digital currency “a combination of a bubble, a Ponzi scheme, and an environmental disaster,” per a report by Bloomberg, published November 15, 2018.Speaking at the Bank for International Settlements (BIS) in Basel, the ECB banker called bitcoin a “clever idea” before adding that “not every clever idea is a good idea.” This comes just a few days after the head of International Monetary Fund (IMF), Christine Lagarde, urged central banks the world over to consider issuing digital currencies……….

Read more: https://btcmanager.com/european-central-bank-executive-dubs-crypto-evil-spawn-financial-crisis/

 

 

 

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