Yesterday, Ewald Novotny, a member of the board of the ECB and head of the Bank of Austria, said that the bank was considering the possibility of adjusting the market for crypto-currency, focusing, in particular, on China's experience, Reuters reported.
"China imposed a ban when they saw in the trade in crypto currency signs of fraud. That's why we also asked ourselves: should the government and the central banks interfere in this process? "- said the head of the Bank of Austria during his speech at the meeting held in Florence.
Immediately Novotny noted that the risks associated with the distribution of crypto currency, do not need to be overestimated, so first you just need to calmly figure out what has to be dealt with.
"This market can not create financial instability, because it is not so big," he said.
In September 2017, the Chinese authorities restricted the ability to trade in crypto-currencies on the exchange, justifying their position with the big financial risks with which the purchase and sale of crypto-currency is linked. Here Novotny made a reservation that he does not see any big risks, as it reminds him of the process of trading stocks on the stock exchange. And there, as you know, you can not only earn money, but also lose money. If this happens, then it only remains to accept this as a given.
Previously, Novotny had already reported that the ECB could impose restrictions on the trading of crypto-currencies due to the questionable nature of the new market, but so far his words have not been confirmed by actions from the European Bank.
A stormy discussion of the future of the crypto currency in Europe, as always, takes place in our cozy .
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