The European Parliament has told lawmakers not to “ban” or “ignore” cryptocurrencies in a new report released this week, forecasting they “will remains with us for a while.”

2018-7-2 17:53

Its publication diversifies the broad EU standpoint on the technology, which continues to include legal projects to monitor residents’ usage and clamp down on anonymity.
However, they remain unlikely to challenge the dominant position of sovereign currencies and central banks, especially those in major currency areas.
In addition to staking its belief in their longevity, the report takes aim at naysayers, directly accusing them of being “mistaken” if they think cryptocurrency technology is an inherently illegal apparatus.
Specific reference is made to findings by economist Robert Shiller, who has become infamous in recent years for his bearish stance on Bitcoin.
“VCs respond to real market demand and, most likely, will remain with us for a while.”

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