Bitcoin No Threat Yet but Crypto ‘Phenomenon’ Needs Monitoring: European Central Bank27.6

By CCN: The European Central Bank (ECB) has found that crypto does not pose risks to financial stability in the Eurozone. The central bank does recommend, however, that European legislatures create a uniform approach to crypto-assets. Crypto Market? Too Small to Matter, ECB Says The ECB has set up an advisory committee called the Crypto-Assets Task Force (ICA-TF) to examine the ramifications and impact of cryptocurrencies on the European economy. Their May 2019 report, “Crypto-Assets: Implications for financial stability, monetary policy, and payments and market infrastructures”, has some interesting findings. The Task Force found that, at the current market size,

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https://www.ccn.com/ecb-crypto-bitcoin-phenomenon-monitoring

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