The European Central Bank put out a blog yesterday heavily maligning Bitcoin. Rarely being used for legal transactions was one its allegations.
The European Central Bank (ECB) published a blog on Wednesday where it said that the number one cryptocurrency was on the “road to irrelevance”. The report pulled no punches and was scathing of Bitcoin.
Bitcoin is rarely used for legal transactions
Authors Ulrich Bindseil and Jürgen Schaaf included the above subtitle in their report but then made absolutely no reference at all to it within. There was no on-chain data or links to it in the text so it was left to the reader to believe the claim or not.
According to blockchain analytics firm Chainalysis, illegal activity on the Bitcoin blockchain made up only 0.15% of the total transaction volume for the year 2021, which is the lowest it has ever been. Therefore the ECB author’s use of such a subtitle might be taken as misleading in the extreme.
The illegal transactions section of the ECB
We współpracy z: https://cryptodaily.co.uk/2022/12/ecb-reports-bitcoin-last-stand
