European Central Bank to Discuss Bitcoin and Blockchain With Youth

[abdmuiz]

One of the three major questions that the President of the European Central Bank]Central Bank
will be answering via a series of videos on Feb. 12, 2018 is about cryptocurrencies and Blockchain

Mario Draghi will respond to the selected questions, whether Bitcoin offers a viable alternative to traditional
currencies as well as comment on the ECB's view on its technology, provided they are submitted by Tuesday, Jan. 23, 2018.
Europeans aged between 16 and 35 can also ask questions around three main topics: possibility of a new global economic crisis,cryptocurrencies and Blockchain  Europe’s economic recovery and youth unemployment

The session is part of the ECB’s third Youth Dialogue which usually constitutes a series of talks held by the Bank’s policymakers with students and young people from different countries]countries and backgrounds]backgrounds

                                                             Central banks and crypto
While the role of central banks in the digital currency world has always been a subject of debate, the view that
they exist to help ensure stability for economies still stands

Bitcoin’s volatility has earned criticism of being a vehicle for perpetrating fraud from the likes of Lloyd Blankfein, the chief executive of the US investment bank Goldman Sachs. Luxembourg's Finance Minister, Pierre Gramegna also suggested that the European Union could soon introduce new cryptocurrency cryptocurrency regulations

                                                                                Adoption trend
What is clear is that 2017 was a crucial year for Bitcoin.Top digital currency soared in popularity globally as its value rose sharply, while crypto gained mainstream media’s attention]gained mainstream media’s attention

Though there is no evidence, such awareness increased its adoption in Europe, available statistical data about 2017]available statistical data about 2017 shows that its use as an every-day payment method in main European economies is still minimal

                                                                                 Crypto Q&A at the Youth Dialogue

Nevertheless, it is obvious that new information has been dropped into the public domain for many people to sort
on their own. It should make the ECB’s Q&A session to be an interesting watch even if nothing new is expected

The session is coming in the wake of the recent suspension of Bitcoin-backed Visa debit cards in Europe]Bitcoin-backed Visa debit cards in Europe and proposed introduction of EU-wide regulation on such currencies. It’s also worth thinking what the outcome could mean for the affected payment processors who are reportedly in talks with alternate card issuers in Europe and for those seeking to set up a crypto/fiat bank that would be independent of traditional banks