Crypto assets have little impact on monetary policy, says ECB team

European Central Bank

Crypto assets do not have any serious implications for either monetary policy or the real economy, and they do not fulfil the functions of money, researchers from the European Central Bank have said.

The ECB Crypto-Assets Task Force examined recent developments in the market and their potential impact on monetary policy and financial stability. They reported their findings in a paper on May 17.

The group says that “in the current market, crypto assets’ risks or potential implications are

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