ECB Executive Fabio Panetta: Cryptocurrencies Hold No Societal Benefits, Likens to Gambling
Cryptocurrencies hold “no societal benefits,” and should instead be seen as a form of gambling, according to European Central Bank (ECB) board member Fabio Panetta. In a speech held at the Bank for International Settleme...
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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
In a speech held at the Bank for International Settlements (BIS) last week, Panetta argued that cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), fail to serve any meaningful purpose in society....
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