Bitcoin And The European Central Bank
The head of the ECB, Mario Draghi is taking a Q & A session on the viability of Bitcoin along with Cryptocurrencies. The sessions questions will be asked by young Europeans below the age of 35 on three topics. Crypto and The Blockchain, Youth Unemployment and Economic Recovery along with the Global Financial Crisis.
ECB and Cryptocurrency
It is the job of the worlds central banks to make sure economic stability around the word. What the ECB are trying to work out is if cryptocurrency are a good thing for world stability or not. One of the biggest criticisms is the volatility of the price of Bitcoin along with been used for fraudulent acts. With all the major investment and central banks coming together to add a regulatory framework to the decentralised network, they hope that this will help resolve many of the current issues with cryptocurrency.
2017 was the breakthrough year for cryptocurrencies and it has gained mainstream acceptance. Over the next decade it is going to play a crucial role in the future of the financial system so it is vital that the central banks make the right choices so that it can help to stabilise the dire world economic circumstances that fiat money has caused.
One of the three major questions that the President of the European Central Bank will be answering via a series of videos on Feb. 12, 2018 is about cryptocurrencies and Blockchain. Mario Draghi will respond to the selected questions, whether Bitcoin offers a viable alternative to traditional currencies as […]