Bitcoin is the ‘Evil Spawn of the Financial Crisis’: European Central Bank Board Member

One of the Eurozone’s chief monetary economists heaped some backhanded praise at Bitcoin on Thursday, arguing that the flagship cryptocurrency was an “extremely clever idea” that suffers from “manifold problems.” Benoît Cœuré, who serves on the European Central Bank’s executive board, made this claim during remarks at the Economics of Payments IX conference, which is The post Bitcoin is the ‘Evil Spawn of the Financial Crisis’: European Central Bank Board Member appeared first on CCN

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Australia Central Bank Admires Bitcoin But Says It Has ‘Flaws’

“Even if one is quite skeptical of whether bitcoin will have a significant role in the economy in the future, I think it is hard to avoid some admiration for its design,” Reserve Bank of Australia official Tony Richards thus addressed bitcoin and cryptocurrencies in general in a speech to the Australian Business Economists in The post Australia Central Bank Admires Bitcoin But Says It Has ‘Flaws’ appeared first on CCN

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