ECB president states it is not his job to regulate or ban cryptos
The president of the European Central Bank (ECB), Mario Draghi, said it was not the role of the institution to "regulate or prohibit digital currencies like bitcoin". Speaking at the committee on economic and monetary affairs of the European Parliament, Draghi added that the EBC had concluded, after considering bitcoin's size, the extent of its use and its impact on the economy, that it was "absolutely premature to consider it as a means of payment in the future". Draghi recently prohibited the Estonian government from issuing its own digital tokens.

Mario Draghi, President of the European Central Bank, has stated that it’s not within ECB’s powers to regulate or prohibit digital currencies like bitcoin at the Committee on Economic and Monetary Affairs of the European Parliament.

Asked what are the material risks of bitcoin for the economy, he said there were three considerations, one was the size, two the extent of its use, third being their impact on the economy.