One of the three major questions to which the President of the European Central Bank will respond via a series of videos on 12 February 2018 Cryptocurrency Mario Draghi will answer the selected questions, if Bitcoin offers a viable alternative to traditional currencies and comment on the ECB's views on its technology, provided that they are submitted by Tuesday 23 January. 2018. Europeans between the ages of 16 and 35 can also ask questions around three main themes: the possibility of a new global economic crisis, crypto-currencies and Blockchain, economic recovery in Europe and youth unemployment

This dialogue is usually a series of discussions held by Bank decision makers with students and young people from different countries and backgrounds.

Prelude During the session, the ECB launched an opinion poll on Twitter to find out if Bitcoin could offer a viable alternative to traditional currencies. The survey of the highest bank in Europe received more than 15,500 responses in about 24 hours.

Central Banks and Crypto

While the role of central banks in the world of digital currency has always been the subject of debate, the view that they exist for help ensure stability for savings stays upright.

The volatility of Bitcoin has been criticized for being a vehicle for perpetrating frauds like Lloyd Blankfein, the managing director of the US investment bank Goldman Sachs. Luxembourg Finance Minister Pierre Gramegna also suggested that the European Union could soon introduce new regulations on cryptocurrency.

Adoption

It is clear that 2017 was crucial for Bitcoin. The popularity of digital currency has exploded on a global scale, while cryptography has attracted the attention of mainstream media.

Although there is no evidence, this knowledge has increased its uptake in Europe. daily payment in major European economies is still minimal.

Crypto Q & A at Youth Dialogue

Nevertheless, it is clear that new information has been abandoned in the public domain for many people to sort themselves. The ECB's Q & A session should be interesting, even if nothing new is expected

The session comes as a result of the recent suspension of Bitcoin Visa debit cards in Europe and the introduction of the EU. regulation on these currencies at the global level. It is also worth thinking about what this could mean for the relevant payment processors that would be negotiating with other card issuers in Europe and for those seeking to establish a cryptographic / fiduciary bank independent of traditional banks. .