The European Central Bank (ECB) is not a big fan of virtual money. That is quite an understatement, as the financial institution urges EU regulators to “curb the growth” of virtual money solutions. While there is no indication these pleas will lead to additional regulation in the European Union, it is another example of how the ECB is afraid of losing control. In fact, they have something to fear from Bitcoin and other cryptocurrencies, as they make a central authority such as the ECB somewhat obsolete...
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