ECB President: Bitcoin Not 'Mature' Enough to Be Regulated

ECB President: Bitcoin Not ‘Mature’ Enough to Be Regulated

Mario Draghi, president of the European Central Bank (ECB), has said that cryptocurrencies are not "mature" enough to be regulated. Speaking at a press conference last week, CNBC reports , Draghi told reporters: "With anything that’s new, people have great expectations and also great uncertainty. Right now, we think that – especially as far as bitcoins and cryptocurrencies are concerned – we don’t think the technology is mature for our consideration." Making the comments in response to a question on the potential of cryptocurrencies, Draghi further said that one of the lessons of the financial crisis is to "cherish" […]