European Banks Could Soon Hold Bitcoin, Admits ECB President

The president of the European Central Bank has publicly stated that European banks could hold positions in Bitcoin after developments such as Bitcoin futures contracts listings by US exchanges.

While delivering the opening statement and closing remarks at a European Parliament meeting this week, European Central Bank (ECB) president Mario Draghi weighed in on the topic of cryptocurrencies referencing their discussions by other speakers during the meeting. The ECB chief revealed the authority hadn’t observed any current trend of European banks holding cryptocurrencies. Draghi stated:

“However, recent developments, such as the listing of Bitcoin futures contracts by US exchanges, could lead European banks too to hold positions in Bitcoin, and therefore we will certainly look at that.”