A board member of the European Central Bank believes that the digital euro can’t come soon enough, claiming it’s the only thing that can save Europe from Bitcoin.
He described Bitcoin as a very dangerous animal that is used for criminal activities and which consumes a huge amount of energy.
The European Central Bank (ECB) is not a big fan of Bitcoin, and in a recent interview, one of the bank’s executives made this crystal clear. Fabio Panetta, an executive board member at the bank described Bitcoin as a “very dangerous animal” that’s used for criminal activities. For him, a digital euro can’t come soon enough as it’s the only thing that can save the region from the scourge that’s cryptocurrencies.
The ECB is the central bank of the Eurozone, a monetary union that has 19 member countries, all using the euro. It’s headed by Christine Lagarde, the former head of the IMF.
In an interview with the Financial Times, Panetta claimed that the digital euro will not only b
