ECB’s Coeure: Cryptocurrencies are poor imitations of money

Dhwani Mehta FXStreet

ECB Executive Board Member Benoit Coeure delivered the following comments in an opinion piece with the Financial Times (FT).

Policy makers are rightly worried about consumer and investor abuses, as well as illicit use.

Almost nobody prices goods in Bitcoin.

Few use them for payments, and as a store of value, they are no better than gambling in a casino.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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