Wow! The articles uses very strong sentences throughout!
This is far from ideal. But as you have rightly said, what else can we expect from a banking regulator! Also if they are adding the environmental aspect to it, their stance will become even more negative.
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Bitcoin is rarely used for legal transactions
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Big Bitcoin investors have the strongest incentives to keep the euphoria going.
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Promoting Bitcoin bears a reputational risk for banks
This is far from ideal. But as you have rightly said, what else can we expect from a banking regulator! Also if they are adding the environmental aspect to it, their stance will become even more negative.
Yes, this is the same mumbling that has been going on for years, but this article suprised only in the way they combined almost all negative prejudices for Bitcoin while at the same time completely failing to acknowledge what it achived over the last few years.
Like I said not suprising coming from a central bank.
However I'd still be interested to hear what people think about how relevant this position of the ECB would be for Bitcoin longterm, regarding its legal situation.
