Cryptovaluats – “Perfect Set Of Nonsense” – Head Of The Central Bank Of Estonia
Member of the steering council of the european central bank (ecb) ardo hansnon is confident that the cryptocurrency has no future. Head central bank described this industry as «perfect set of nonsense».
Photo source: aripaev.Ee
Hansson expressed the opinion that what was happening currently on the market clearly demonstrates that «bubble has already started bursting». According to him, only a few years will pass, and the society will ask himself a question «how we got into this story?»
That today it is indeed necessary to do, according to the head of the department, this is to adopt legislative measures to protect crypto investors, especially inexperienced. In addition, the expert is extremely concerned about the use of cryptocurrency for financing different types of illegal activities. He is sure that nothing threatens financial stability at exactly until the connection between the cryptocurrency sphere and traditional markets is weak.
Despite the chapter of the central bank, estonia is one of the most developed countries in the field of digital economy. Inddition, since 2018, the government of the state its considering the prospect of the issuing its own national token, earlier the estonian government refused to develop their own cryptocurrency. However, while plans for the implementation of this project are suspended.