Apparently, the head of the ECB, Mario Draghi, has become bored, or he just wants to divert the market attention after commenting on the cryptocurrencies. All eyes are on Draghi, looking for potential signs of what the ECB's future monetary stimulus policy will be. Draghi, however, surprised everybody, by saying that cryptocurrencies, are not mature enough to be regulated. According to him, digital currencies need to be approached with particular attention in relation to the potential risks associated with them.
Until now, the different regulators have adopted a different approach to cryptocurrencies. It varies widely from their recognition from Japan, to the ICO ban in China, and the closure of the Crypto-Exchanges.
Last month, in a formal statement to the European Parliament on Economic and Monetary Affairs, Draghi said the ECB had no competence to regulate cryptocurrencies.
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