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ECB official labels crypto as ‘deleterious’ with ‘no societal benefits’ in scathing speech

According to Fabio Panetta, crypto volatility and aspects of blockchain technology made digital assets only suitable for gambling.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

ECB official labels crypto as ‘deleterious’ with ‘no societal benefits’ in scathing speech

According to Fabio Panetta, crypto volatility and aspects of blockchain technology made digital assets only suitable for gambling.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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