The ECB is Right: Bitcoin Was ‘Spawned’ By the Financial Crisis (Created by the ECB)18.48

Cryptocurrency advocates continue to hit back at fresh criticism of Bitcoin from the European Central Bank (ECB), which on November 15 publicly called it the “evil spawn of the financial crisis.”

In a speech at the Economics of Payments IX conference in Basel, Switzerland, Benoît Cœuré, Chair of the Committee on Payments and Market Infrastructures of the Bank for International Settlements (BIS) and ECB Executive Board member, provided what is perhaps the Bank’s most prominent naysayer remarks yet about Bitcoin.

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