November 20, 2017 / 4:30 PM / a year ago

Digital currencies no threat to ECB yet - Draghi

FILE PHOTO: A Bitcoin (virtual currency) coin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/Illustration/File Photo

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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