Letters: Still clinging on to Bitcoin

Published by
City AM

By Elena Siniscalco [Re: Bitcoin ‘on the road to irrelevance’, says ECB, November 30] Recent comments by the ECB and other banking stakeholders show that many central banks along with the regulators are missing the key point: Bitcoin is already being used to pay for goods while they are still debating whether crypto is an asset class or a currency or a farce. Right now, regulators aren’t willing to join hands globally to form a strong common regulatory crypto framework. It is literally “to each their own” and we are seeing the results of that outlook. It was recently reported that over £500m w…

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