THELOGICALINDIAN - European Central Bank ECB Vice President Luis De Guindos has declared he wants cryptocurrencies to be accountable to the aforementioned rules that added assets are The statements were offered in a presentation accustomed as allotment of the summer courses offered by the European Parliament area De Guindos declared his assessment about cryptocurrency regulation
ECB Vice President: Crypto Should Follow Same Laws as Other Assets
Luis De Guindos, accepted Vice President of the ECB, stated he thinks crypto-assets should be adapted as any added asset in the market. De Guindos bidding his assessment during a alternation of summer courses sponsored by the European Parliament and the European Union. Specifically, on cryptocurrencies, he stated:
To De Guindos, cryptocurrencies can be calmly acclimated for actionable purposes due to their bearding traits. De Guindos has consistently taken a agnostic aspect back it comes to cryptocurrencies, which he calls “crypto-assets” because according to his view, they don’t assignment as accurate acquittal methods. At the aforementioned time, he declared that these crypto assets don’t accept any appulse on the banking adherence of the region.
Relative Value
De Guindos additionally acclaimed that these new accoutrement don’t accept an bread-and-butter base back compared to added added acceptable assets. To him, the amount of cryptocurrencies alone comes from scarcity, rather than their accord to added assets.
This is not the aboriginal time De Guindos has issued this affectionate of assessment on crypto. On May 19, he stated that cryptocurrencies aren’t absolute investments due to the airiness of their amount proposition. However, the ECB is belief the achievability of the conception of a agenda euro. This would accord the ECB an apparatus to action the acceleration of clandestine another acquittal methods such as cryptocurrencies and those offered by fintech companies.
The accessible is still assured the ECB to ability a accommodation on the arising of a agenda euro soon. De Guindos believes that such a bill is absolutely needed. He declared that the agenda euro is:
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