Europeon Central bank President: on crypto currencies.

"President said, crypto currencies have no significant affect on economy!"

for now it may not have significant effect on economy. but
as time progresses, it becomes huge and huge, it will have significant effect.
and not adopting the things it has. might be a big loss for them.

Here is a top line.
"In a letter addressed to the members of the European Parliament last week, Mario Draghi mentions the Committee on Economic and Monetary Affairs hearing where he discussed the relevance of financial innovation for the ECB in May.

At the time, he stated that the bank was closely monitoring the blockchain within the payments system to ensure that no risks could fragment the market. Yet, while the ECB has appeared open to the distributed ledger in the past, it’s not so favorable toward bitcoin. So much so, that the central bank once said that it wanted tighter controls on the digital currency and that it didn’t want them labeled as currencies or money."

Read full story here : https://www.cryptocoinsnews.com/ecb-president-digital-currencies-no-significant-impact-economy/