Economics

Cryptos Are ‘Evil Spawn’ of the Crisis for ECB’s Coeure

European Central Bank Executive Board member Benoit Coeure — European Central Bank Executive Board member Benoit Coeure
Photographer: Jason Alden/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Take our Survey

By Alessandro Speciale and Catherine Bosley

November 15, 2018 at 1:40 PM UTC

This article is for subscribers only.

Benoit Coeure has a bone to pick with Bitcoin.

“Bitcoin was an extremely clever idea. Sadly, not every clever idea is a good idea,” the European Central Bank Executive Board member said at the Bank for International Settlements in Basel.