European Central Bank Criticizes Estonian National Cryptocurrency Plans

in cryptocorency •  7 years ago  (edited)

The president of the European Central Bank has criticized the Estonian government’s plan to launch a national cryptocurrency. The statements have implied that the European Union (EU) states will not be permitted to launch state-issued cryptocurrencies that compete with the Euro as the major currency within EU jurisdiction.

Full article here: https://news.bitcoin.com/european-central-bank-criticizes-estonian-national-cryptocurrency-plans/

Picture source 

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Definitely it will be a centralized Cryptocurrency controlled by the bank.