Today the European Central Bank (ECB) published another article critiquing Bitcoin and cryptocurrencies more generally. The primary gist is that an ETF doesn’t change the ECB’s belief that Bitcoin is unsuitable for investment or payment. However, that was not the most notable point. It asks whether there’s been a misjudgment by authorities regarding regulating cryptocurrencies under pressure from “well-funded lobbyists” and social media campaigns.
One of the authors is Ulrich Bindseil, the Director General of Market Infrastructure & Payments.
“It seems wrong that Bitcoin should not be subject to strong regulatory intervention, up to practically forbidding it,” the authors wrote.
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