ECB President to answer queries on cryptocurrencies and blockchain

Monday, January 22, 2018 9:37 AM UTC

The European Central Bank (ECB) President Mario Draghi is going to answer questions on cryptocurrencies and blockchain technology.

In partnership with Debating Europe, the ECB is holding the third Youth Dialogue with President Draghi. The main focus areas include the possibility of a new global economic crisis, Europe’s economic recovery and youth unemployment, and cryptocurrencies and blockchain.

The ECB is inviting questions on these topics via Twitter or Facebook from people aged between 16 and 35. Those interested can send their queries until Tuesday, 23 January 2018.

Take part in our third #ECBYouthDialogue and #AskDraghi your question! Find out more here https://t.co/Yzzr9QhBHj @debatingeurope https://t.co/ArJ6b3qO2v
— European Central Bank (@ecb) January 17, 2018

The organizers will select a number of questions from all those received. President Draghi will answer them via a series of videos on 12 February 2018.

Questions have already started pouring in. People seem to interested in knowing the central bank’s approach towards cryptocurrency regulation and taxation, among others.

As a trader I find it humiliating that my bank (20 years a client) part of @KBC_BE is refusing to allow withdrawals from @coinbase Are there any plans to make such behaviour illegal in the EU? Why are banks allowed to treat traders as criminals? #AskDraghi #ECBYouthDialogue
— FK⚡️ (@FedKassad) January 18, 2018

Would you consider a position in @ecb's reserves in #Bitcoin $BTC or other established cryptocurrencies? If yes, which ones? If no, why?
I'm asking, because cryptocurrencies are an asset uncorrelated to any other asset class and could reduce risk.#AskDraghi #ECBYouthDialogue
— Passivebroid (@anambroid) January 18, 2018

What is the ECB’s approach to the regulation of cryptocurrencies? #AskDraghi
— Gerard Martín (@GerardMartin_4) January 17, 2018

#AskDraghi #ECBYouthDialogue Mr. Draghi what is your opinion about #Bitcoin? Are you going to set a new regulatory system for #cryptocurrencies at EU level or each MS will be free in its own regulatory choice?
— lucia quaglia (@luciaquaglia1) January 19, 2018

#AskDraghi Do you have plans to standardize taxes in Europe regarding #cryptocurrencies ? In France, crypto are included in income taxes (almost 65%). Don't you think that an overtaxation policy will drive away capitals while a favorable policy could bring in new investors?
— Gauthier (@G_boussert) January 19, 2018

Dear Mario, I would like to learn more about the ECB's stand on crypto regulation, if a sandbox is planned to be formed and where do you see the role of private blockchain companies helping?
— Peter Pongracz (@PPongracz) January 21, 2018