Tuesday, June 16, 2015

The European Central Bank Has a Long History of Digital Currency Skepticism

According to European Central bank Governing Council member Erkki Liikanen, Bitcoin “isn’t subject to the most basic principles governing payment systems,” such as know-your customer, and this is “problematic.” According to Liikanen, Bitcoin’s “continuity of operations and contingency planning are problematic,” and fluctuations in Bitcoin value “impose additional costs” The Governing Council Member claims payment […]

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