ECB paper mischaracterizes Bitcoin, fails to highlight the problems of fiat

A European Central Bank (ECB) paper has mischaracterized Bitcoin, while also failing to highlight similar problems with fiat, a crypto executive says. The paper, “The distributional consequences of Bitcoin,” published on Oct. 22 by ECB director Ulrich Bindseil and advisor Jürgen Schaaf, claims Bitcoin needs to be regulated to prevent its price from rising or should

Source: Cryptopolitan