November 20, 2017 / 4:35 PM / a year ago

Digital currencies no threat to ECB yet: Draghi

A copy of bitcoin standing on PC motherboard is seen in this illustration picture, October 26, 2017. Picture taken October 26, 2017. REUTERS/Dado Ruvic

FRANKFURT (Reuters) - The adoption of digital currencies in the euro zone and their impact on its economy are limited, meaning they do not pose a threat to the European Central Bank’s hold on the money supply, the ECB’s President said on Monday.

“We think that all this is pretty limited,” Mario Draghi told the European Parliament. “So it’s not yet something that could constitute a risk for central banks.”

Reporting By Francesco Canepa; editing by John Stonestreet

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