“It Would Not Be [Within] Our Power to Prohibit or Regulate [Bitcoin]” – Mario Draghi, President of the European Central Bank.

The president of the European Central Bank (ECB), Mario Draghi, has stated that bitcoin does not fall under the regulatory powers of the ECB. The statement was made in response to a question from the Committee on Economic and Monetary Affairs of the European Parliament.

Mario Draghi reportedly made the statement following a question from the European Parliament’s Committee on Economic and Monetary Affairs regarding whether or not the ECB plans to develop a regulatory apparatus pertaining to bitcoin, and what risks cryptocurrencies may pose to the European economy.

Draghi’s Statements Echo Those Made Regarding Blockchain Technology During an Event at Trinity College in Dublin.