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

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

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