European Central Bank Says Bitcoin is Not The Answer to a Cashless Society

The European Central Bank made their stance on March 13, suggesting bitcoin to be “not the answer to a cashless society,” and also discussed their uncertainty behind the relevance of bank-issued digital currencies. Benoît Cœuré, ECB Board member, and Jacqueline Loh, chair of the BIS (Bank for International Settlements’) co-authored a paper, sighting that cryptocurrency…

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EU Will Not Ban Bitcoin Mining For Energy Concerns

Mariya Gabriel, the EU commissioner for Digital Economy and Society, has stated that Europe sees cryptocurrency mining to be completely legal, and is also subject to standard electricity rules. The statement was made last week while addressing a common energy concern related to high power consumptions of cryptocurrency mining. This is what Gabriel said in…

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