European Central Bank: Crypto Does Not Have Tangible Impact on Real Economy

News

The European Central Bank stated that cryptocurrency’s implications for monetary policy do not factor into the real economy. The European Central Bank (ECB) stated that cryptocurrencies do not have implications on monetary policy or factor into the real economy in a May report.In the report dubbed “Crypto-Assets: Implications for financial stability, monetary policy, and payments and market infrastructures,” ECB looks into the potential impact of digital currencies on economic developments and monetary policy.The bank specifically states that such implications could occur should cryptocurrencies became a credible substitute for cash and deposits, while currently they do not fulfil the functions of…
Click Title Below To Read Details From Source:
European Central Bank: Crypto Does Not Have Tangible Impact on Real Economy

Leave a Reply

Your email address will not be published. Required fields are marked *