European Central Bank Don’t Give Significant Weight To Cryptos In Monetary Policy

Even though the European Central Bank offers a bearish future to crypto is understandable, it goes a step further and states pose no tangible impact to the real economy. In its statement: “Crypto-assets do not fulfil the functions of money and, at the current stage, neither do they entail a tangible impact on the real economy nor have significant implications for monetary policy. The very low number of merchants that allow the purchase of goods and services with bitcoins indicates no influence of the most prominent crypto-asset on price-setting,”

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