Friday, 24 March, 2023

ECB Says, Bitcoin is Artificially Inflated and Should Not be Legitimised

<p>Bitcoin is being artificially inflated and should not be legalised by regulators or financial institutions because it is more comparable to gambling, according to the European Central Bank. Bitcoin and other cryptocurrencies have been promoted in various ways as an alternative form of money and a hedge against the recent inflationary policies followed by major central banks such as the ECB. Regulaters globallly are drafting rules for cryptocurrencies.</p>