European banks could soon hold Bitcoins

The market of Bitcoin is really speculative. Its price continues to evolve. After a decline in the course of the last week, an increase of more than $ 2,000 was recorded yesterday, at around 8 400 dollars. The decisions taken by the international authorities have an impact on the price of this digital currency. With the announcement of the president of the european central Bank, one can expect a considerable increase.

Following the announcement by the president of the ECB :

In fact, the president of the ECB has publicly stated that european banks could be holding Bitcoins, after the developments of the futures contracts Bitcoin on the us stock exchanges.

The crypto-currencies discussed at the meeting of the european Parliament

The president of the ECB, Mario Draghi, has taken advantage of the meeting of the european Parliament to talk about the digital currency. He said that the european Union was not very interested in crypto-currencies such as Bitcoin. This is the case despite a public interest increased, he continued.

Source : Pixabay. The president of the ECB said that the european central banks could be holding Bitcoins.

Mario Draghi explained that this trend could change when digital currencies will be integrated into the finance traditional. This is a remarkable statement on the part of Draghi, even if the european authorities consider the Bitcoin and other crypto-currencies as assets very risky.

Establishment of a monitoring system

Banks should anticipate the risks if they decide to include crypto-currencies in their portfolio, said the head of the ECB. It also alludes to a monitoring uniform to limit the risks associated with crypto-currencies.

Mario Draghi has already stated that the european central Bank had no authority to regulate Bitcoin, but his remarks this week suggest a more cautious approach. It has also indicated in October 2016, the market of crypto-currencies was not mature enough for the ECB is considering a regulation. Last November, Mr. Draghi added that the Bitcoin was quite limited and did not pose any risk to the banks.

Source : NCC