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ECB executive board member Yves Mersch says cryptocurrencies "are not money."
Mersch compared bitcoin to a Ponzi scheme.
He warned regulators to be wary of the growing risk of contagion as financial institutions start to look at digital currencies.
Despite being dismissive, Mersch suggested some long-term good could come from the technological innovations underpinning digital currency.
http://uk.businessinsider.com/ecbs-yves-mersch-compares-bitcoin-to-ponzi-scheme-in-cryptocurrency-speech-2018-2?IR=T
Topic: BCE it s falling no more than to say (Read 33 times)
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