European Central bank - "Crypto regs not high on our to do list"

in #cryptocurrency7 years ago

Earlier today a representative from the European Central Bank stated:

“If you increasingly have bridges between the virtual world and the real world and then there is a collapse in this virtual world, it could drain liquidity from the real world,”

executive board member Yves Mersch said in an interview in Frankfurt. “This then becomes a concern for the central bank.”

This will be seen as either a good or bad thing by many people. some people are for regulations as they can protect people. however, there are alot of people who think regulations could cripple cryptocurrecies.

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