Draghi: Digital currencies do not threaten Europe

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.

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