The European Central Bank has nothing to say in any business that is related to the legal status of a "legal tender" in any f the countries that are members of the European Union.
The ECB is not similar to the National Banks that represents directly the interest of that state.
And even those can't do anything.
The only body that can regulate that is the parliament by signing and approving laws.
What he said it was that he has no legal "power" to do anything about it, or at least for the moment.
Of course he could start applying pressure to government members to pass regulations in all the countries that are members of the EU but it seems like he has more important things to do.
Topic: Mario Draghi: European Central Bank Has 'No Power' to Regulate Bitcoin (Read 224 times)
September 26, 2017, 02:18:46 PM
September 26, 2017, 02:02:52 PM
For all of the crypto holders who are living in fear of regulation, here is some good news for you:
https://www.coindesk.com/mario-draghi-european-central-bank-has-no-power-to-regulate-bitcoin/
Though, the governments must be upset at Draghi.
https://www.coindesk.com/mario-draghi-european-central-bank-has-no-power-to-regulate-bitcoin/
Though, the governments must be upset at Draghi.
I think you are reading too much into the headline. Janet Yellen said the same thing in 2014--that the Federal Reserve had no authority to regulate Bitcoin:
https://blogs.wsj.com/moneybeat/2014/02/27/yellen-on-bitcoin-fed-doesnt-have-authority-to-regulate-it-in-any-way/
In practice, that just means that regulation is under the jurisdiction of the government, not the central bank. In Yellen's case, she recommended that Congress act to regulate Bitcoin. At that time, Senator Joe Manchin and other Congressmen were calling for strict regulations or an outright ban on Bitcoin.
September 26, 2017, 01:51:58 PM
For all of the crypto holders who are living in fear of regulation, here is some good news for you:
https://www.coindesk.com/mario-draghi-european-central-bank-has-no-power-to-regulate-bitcoin/
Though, the governments must be upset at Draghi.
https://www.coindesk.com/mario-draghi-european-central-bank-has-no-power-to-regulate-bitcoin/
Though, the governments must be upset at Draghi.
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