EU Parliament Issues Report on Cryptocurrencies

In light of the recent Bitcoin price rally, the European Parliament Committee on Economic and Monetary Affairs issued a report outlining their expectations of the future for the cryptocurrency industry. The committee considers that if central banks would get involved in the market and begin issuing centralized digital currencies, traditional coins like Bitcoin could be derailed.
The authors believe that “the arrival of permissioned cryptocurrencies promoted by banks, even by central banks,