The European Central Bank (ECB) has released its strongest bearish pareiškimas on crypto to date. In a blog post on its website, the bank chastises the EU Commission for legitimizing the industry with new regulations and predicts the death of bitcoin.
Protos has previously reported that, when it comes to crypto, there are very strong divergences between central bankers and legislators. For example, the Bank of International Settlements takes a very strong position against the enabling and legitimization of stablecoins.
The ECB itself has also previously warned that the collapse of major stablecoins could trigger financial contagion. Now the bank is going even further, declaring that bitcoin is dead and claiming that its recent price stabilization is only a last gasp before it slips into “irrelevance.”
Source: https://protos.com/european-central-bank-says-crypto-is-dead-but-is-it/