FILE - In this June 6, 2012 file picture the President of the European Central Bank, Mario Draghi, speaks during a press conference in Frankfurt , Germany. European Central Bank head Mario Draghi warned European Union leaders that they should not wait for more emergency help from the central bank to solve the debt crisis rattling the region and instead make the political choices needed to strengthen the euro. Draghi said Friday June 15, 2012 the ECB has supported banks against the ongoing debt crisis with €1 trillion in emergency credit and that now "political choices have become predominant over monetary policy instruments that we can use in the near future." (AP Photo/dapd/Mario Vedder)

Draghi: Digital currencies do not threaten Europe

Last updated Apr 9, 2018

The European Central Bank (ECB) president, Mario Draghi, recently assured during an intervention in the Parliament that the adoption of digital currencies in the euro zone and its impact on the economy are limited, so they do not represent a threat to the capacity of money supply from the Bank.

Draghi explained that the movements of these currencies are “quite limited”, which is why there is nothing to fear from them. “It’s not yet something that could be a risk for central banks,” he said.

At the moment the volatility of bitcoin and other cryptocurrencies and the absence of a central market or a reference in the exchange, purchase and sale of bitcoins are still barriers to its popularization, but this measure could help improve the development of solutions to those problems.