ECB does not change its stance on BTC
The European Central Bank (ECB) has just reaffirmed its stance on Bitcoin, arguing that the SEC's approval of the Spot Trading Fund #ETF for the cryptocurrency does not change its view on its unsuitability for investment and payments. maths.
Ulrich Bindseil and Jürgen Schaaf, representatives of the ECB, emphasized that Bitcoin has not fulfilled its commitment to become a decentralized global digital currency and is rarely used in legal transactions. They maintain that Bitcoin's fair value remains zero and are skeptical of its viability as a currency and investment asset.
#ECB also expressed concern about the environmental impact of Bitcoin mining and warned of the potential consequences of a boom cycle, including environmental damage and new bankruptcy risks, as well as the attraction of with illegal activities such as money laundering and payments #ransomware
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