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Digital currencies no threat to ECB yet: Draghi
November 20, 2017 / 4:34 PM / 24 days ago

Digital currencies no threat to ECB yet: Draghi

FRANKFURT (Reuters) - The adoption of digital currencies in the euro zone and their impact on its economy are limited, meaning they do not pose a threat to the European Central Bank’s hold on the money supply, the ECB’s President said on Monday.

A copy of bitcoin standing on PC motherboard is seen in this illustration picture, October 26, 2017. Picture taken October 26, 2017. REUTERS/Dado Ruvic

“We think that all this is pretty limited,” Mario Draghi told the European Parliament. “So it’s not yet something that could constitute a risk for central banks.”

Reporting By Francesco Canepa; editing by John Stonestreet

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