{"id":1186,"date":"2019-07-23T19:08:06","date_gmt":"2019-07-23T16:08:06","guid":{"rendered":"https:\/\/crypto-mining.club\/uncategorized\/the-ecb-does-not-intend-to-add-bitcoin-to-reserves-as-it-does-not-recognize-the-digital-asset-as-a-currency\/"},"modified":"2019-07-23T19:09:30","modified_gmt":"2019-07-23T16:09:30","slug":"the-ecb-does-not-intend-to-add-bitcoin-to-reserves-as-it-does-not-recognize-the-digital-asset-as-a-currency","status":"publish","type":"post","link":"https:\/\/crypto-mining.blog\/en\/cryptocurrencies\/the-ecb-does-not-intend-to-add-bitcoin-to-reserves-as-it-does-not-recognize-the-digital-asset-as-a-currency\/","title":{"rendered":"The ECB does not intend to add Bitcoin to reserves, as it does not recognize the digital asset as a currency"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"474\" height=\"266\" src=\"https:\/\/crypto-mining.club\/wp-content\/uploads\/2019\/07\/water-b1tcoin123.jpg\" alt=\"\" class=\"wp-image-1183\" srcset=\"\/\/crypto-mining.blog\/wp-content\/uploads\/2019\/07\/water-b1tcoin123.jpg 474w, \/\/crypto-mining.blog\/wp-content\/uploads\/2019\/07\/water-b1tcoin123-300x168.jpg 300w\" sizes=\"(max-width: 474px) 100vw, 474px\" \/><\/figure>\n\n\n\n<p>The European Central Bank (ECB) has once again made it clear that it does not recognize the innovative financial instrument Bitcoin as currency.<\/p>\n\n\n\n<p>As part of the interactive program on Twitter under the hashtag #AskECB, representatives of the ECB made it clear that they are not going to add Bitcoin to their reserves. So, Philip Lane, a leading economist at the ECB, said:<em> \u201cBitcoin is not a currency, it is an asset, and very volatile.\u201d<\/em> This response confirms the negative position of the ECB in relation to cryptocurrency, which has already been heard in other public statements by bank representatives.<\/p>\n\n\n\n<p>Recall that in May of this year, the report entitled <em>\u201cCrypto-assets: impact on financial stability, monetary policy, payment and market infrastructure\u201d<\/em> noted that, in general, cryptocurrency had practically no effect on the traditional economy.<\/p>\n\n\n\n<p>In the meantime, other Twitter users undertook to protect Bitcoin. For example, Pierre Roshard, a software engineer, firmly stated that Bitcoin is still a currency. Another user of the social network presented his own calculator to determine the level of inflation of the ECB and showed a reduction in the purchasing power of EUR since its inception, that is, 20 years ago.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Central Bank (ECB) has once again made it clear that it does not recognize the innovative financial instrument Bitcoin as currency.<\/p>\n","protected":false},"author":2,"featured_media":1184,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[30,83],"class_list":["post-1186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","tag-bitcoin-btc","tag-bitcoin-btc-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The ECB does not intend to add Bitcoin to reserves, as it does 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