The President of the European Central Bank (ECB) said that financial institutions in the European Union are cryptocurrencies with less enthusiasm than citizens.
At the meeting of the European Parliament on 5 February, ECB President Mario Draghi (Mario Draghi) said that the Central Bank does not see «possession of a significant amount of cryptocurrency» among banks in the region.
«Credit institutions established in the European Union, have a moderate interest in digital currencies such as bitcoin, despite the high level of public interest», he added.
However, he noted that the launch of futures on bitcoin in the US can stimulate the growing interest in cryptocurrencies among financial institutions of the EU. He warned that banks should take into account the risks of owning cryptocurrencies because of the high volatility and the lack of clear regulation.
While Draghi said
earlier, the ECB has no authority to regulate the cryptocurrency, he said that the study of their potential impact on the state in implementing a Single Supervisory mechanism (Single Supervisory Mechanism). This allows the ECB to monitor the financial stability of the countries-participants of EU. In October of last year, Draghi also said that bitcoin is still «underdeveloped» for regulation.
Currently, in Europe operate some of the largest in the world of crypto-currency exchanges such as Bitstamp and HitBTC trading volume which, according to CoinMarketCap, over 1 billion dollars in the last 24 hours.