Mario Draghi dismisses crypto assets

Central Banking Newsdesk
14 May 2019

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The head of the European Central Bank, Mario Draghi, has emphasised the instability of crypto assets, saying they are not currencies.

At the ECB Youth Conference on May 9, Draghi said that in future, crypto assets and blockchain will hold “a very small place, if any at all” in the financial market due to their high level of risk.

Draghi was adamant that “cryptocurrencies, bitcoins and such things are not real currencies”. He said: “They are assets. One euro is one euro today, tomorrow or in a

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