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The European Union has recently stated, through a report on the digital asset market, that cryptographic currencies are financial tools with exceptional elements of security and transparency; characteristics that challenge the position of some economists who bind them with illegality and fraud.
The report entitled The Virtual Currencies and Monetary Policies of Central Banks: The Challenges of the Future Written by Marek Dabrowsky and Lukasz Janikowsky The Center for Economic and Social Research of l & # 39; The European Union stresses that virtual currencies, as they call them, are "a contemporary form of fast money", as well as tools with high levels of liquidity, intimacy and globalization.
This paper, which represents one of the many positive statements from the European Union regarding cryptographic currencies, points out that although the use of these assets is limited because of their low adoption by means of payment and massive prosecution, there is strong expectation that the market will continue to grow and become a financial alternative . In this sense, the report notes that until April 2018, a total of 1,500 "virtual currencies" were reported, the most important market being bitcoin (BTC), which is positioned as the leader of cryptocurrencies since its creation. launch in 2009. They also say that in recent months, there has been an increase in the number of transactions and the capitalization of these markets, data that confirm the growth of this ecosystem.
The European Union has confirmed that many financial regulators, venture capitalists and economists are not satisfied with the ability of cryptocurrencies, since they are exposed to the risks of fraud, speculation and financial bubbles.
Similarly, other personalities link these digital assets with money laundering financing of terrorism, tax evasion and the escape from control of the capital because of their characteristic At this point, the European Union has been direct in asserting that all those who believed that blockchain technology and digital currencies were inherent in illegality, were wrong, even citing the laureate of the Nobel Prize, Robert. Shiller, who described Bitcoin as "a passing fad":
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