ECB: Cryptocurrency Cannot Be Created By Member States, What This Means For Crypto

The European Central Bank (ECB) has attacked plans for an Estonian state-operated cryptocurrency.  ECB President, Mario Draghi shut down any talk of the proposal by saying about crypto assets:
“No member state can introduce its own currency…The currency of the euro zone is the euro.”
Many observers theorize that Draghi’s response is led by a fear of losing monopoly control of the money supply. And for that reason, the division between legacy and crypto ideologies ha