QUOTE OF THE DAY
“Have a heart that never hardens, a temper that never tires, a touch that never hurts.”
European Central Bank Considering Bitcoin Regulation According
According to Reuters, the European Central Bank (ECB) is considering regulating the use of digital currencies.
Governing council member Ewald Nowotny commented:
"We’re asking ourselves if legislators or central banks should intervene, as happened in China where they banned (the use of cryptocurrencies) because they consider them fraudulent.”
Mark Karpeles (former CEO of Mt.Gox) was considering doing an ICO to revive his debunk bitcoin exchange.
C'mon Mark, do you really need another billion dollars?
Fortunately he discussed this option with his lawyers and it has been confirmed this option is not practical due to compliance issues.
UBS CIO: We Aren't Getting Involved With Bitcoin
According to a senior executive, UBS has no plans to get involved with bitcoin or other cryptocurrencies.
My Current Sentiment: Bullish.