Bitcoin unlikely to become U.S. national reserve: industry insider


NEW YORK, Feb. 3 (Xinhua) -- Bitcoin is unlikely to be part of the U.S. national reserve though the cryptocurrency industry embraces tailwinds from more friendly regulation under the administration of President Donald Trump, according to an industry insider in the United States.

The European Central Bank (ECB) has made a negative conclusion in this regard given the big volatility of prices, concerns over money laundering and unappealing liquidity, noted Wilfred Daye, chief strategy officer with Mercurity Fintech Holding Inc., a New York-based digital fintech group.

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