ECB not to ban Bitcoin and other Cryptocurrencies
image credit: www.cointelegraph.com
The European Central Bank (ECB) have giving their view on Bitcoin and has concluded that Bitcoin is not a currency, at the time. ECB view Bitcoin and other crypto currency as digital assets.
ECB is also concluding that they don't have responsibility to ban or regulate bitcoin or other cryptocurrencies. This is very good news for the future of crypto, not only in Europe. Many follow and will be inspired by the ECB and this will help getting crypto mainstream.
Overview of the conclusion
More from the European central bank can be read here: https://www.ecb.europa.eu/explainers/tell-me/html/what-is-bitcoin.en.html
Someone talking about bans is like an ant in some distant anthill in a forest somewhere far away trying to signal to me that it wants to bite me. Fuck off. It doesn't work like that anymore.
That's probably one of the best possible news updates we can have right now. Although I do believe we were out of the crash-phase, news like this will further strengthen the bulls, getting up Bitcoin where it belongs, atleast 15k.
Can only agree with you. I also think we are getting in the right direction again, but i do think that some of the panic selling was because of the bad news and rumors about the ECB were gonna ban Bitcoin and crypto.
Glad to hear. Finally the bad press, news and intentionally spreaded rumors seem to decline after this huge media-massacre over the last couple of weeks.
Yes, i'm also looking forward to that. I also think it will help the market to get a better foundation, for a another up going 2018.
Thanks for sharing with us