ECB not to ban Bitcoin and other Cryptocurrencies

in crypto •  7 years ago 



image credit: www.cointelegraph.com

The European Central Bank (ECB) have giving their view on Bitcoin and has concluded that Bitcoin is not a currency, at the time. ECB view Bitcoin and other crypto currency as digital assets.

ECB is also concluding that they don't have responsibility to ban or regulate bitcoin or other cryptocurrencies. This is very good news for the future of crypto, not only in Europe. Many follow and will be inspired by the ECB and this will help getting crypto mainstream.

Overview of the conclusion

More from the European central bank can be read here: https://www.ecb.europa.eu/explainers/tell-me/html/what-is-bitcoin.en.html

crypto cryptocurrency bitcoin etheruem eu
7 years ago by

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      ·  7 years ago (edited)

    Someone talking about bans is like an ant in some distant anthill in a forest somewhere far away trying to signal to me that it wants to bite me. Fuck off. It doesn't work like that anymore.

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    4 votes
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      ·  7 years ago 

    That's probably one of the best possible news updates we can have right now. Although I do believe we were out of the crash-phase, news like this will further strengthen the bulls, getting up Bitcoin where it belongs, atleast 15k.

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      1 vote
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        ·  7 years ago 

      Can only agree with you. I also think we are getting in the right direction again, but i do think that some of the panic selling was because of the bad news and rumors about the ECB were gonna ban Bitcoin and crypto.

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        [-]
          ·  7 years ago 

        Glad to hear. Finally the bad press, news and intentionally spreaded rumors seem to decline after this huge media-massacre over the last couple of weeks.

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          1 vote
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            ·  7 years ago 

          Yes, i'm also looking forward to that. I also think it will help the market to get a better foundation, for a another up going 2018.

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            [-]
              ·  7 years ago 

            Thanks for sharing with us

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