Bitcoin is the ‘Evil Spawn of the Financial Crisis’: European Central Bank Board Member28.1

One of the Eurozone’s chief monetary economists heaped some backhanded praise at Bitcoin on Thursday, arguing that the flagship cryptocurrency was an “extremely clever idea” that suffers from “manifold problems.” Benoît Cœuré, who serves on the European Central Bank’s executive board, made this claim during remarks at the Economics of Payments IX conference, which is

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