ECB calls for Bitcoin Price controls due to risk of social unrest
The European Central Bank (ECB) is calling for a cap on the value of Bitcoin ($BTC), fearing that an imbalance between early and late investors could lead to social instability. Experts also warn about the possible use of cryptocurrencies in illegal transactions.
The European Central Bank (ECB) has expressed concern about the impact of Bitcoin on social stability. According to ECB experts Ulrich Bindsale and Jurgen Schaaf, early cryptocurrency investors receive disproportionately large benefits, which can lead to tension among those who bought Bitcoin later. The ECB also notes that cryptocurrency is often used for illegal transactions, and its real role in the financial market is greatly exaggerated.
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