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ECB: Bitcoin Should Not Be Legalized

By Simon LawsonDecember 3, 20221 Min Read
ECB: Bitcoin Should Not Be Legalized
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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.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
Bitcoin Investment Regulation
Simon Lawson
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Simon Lawson has been a professional financial reporter for 6 years. He has in-depth research on the crypto industry and will release major crypto news in a timely manner.

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