The ECB stated that BTC 0.55%-news/">Bitcoin is neither suitable as a payment system nor as a form of investment, so it should be considered unsuitable in terms of regulation and therefore should not be legalized.
The financial industry should be wary of the long-term damage of promoting bitcoin investments despite their short-term profits.
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Should Bitcoin investors further lose money, the negative impact on customer relationships and the reputational damage to the industry as a whole could be enormous.
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