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published its letter grade ratings for crypto currency recently. However, crypto enthusiasts were disappointed to see a c+ rating for Bitcoin. Crypto specialists point out that digital assets are unique and cannot be valued in the same manner as traditional assets such as equities, bonds, etc.
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The statement is of paramount importance in the sense that Draghi had been a critic of Bitcoin in the past. The president of the ECB had stated that ‘unregulated’ crypto currencies such as Bitcoin are ‘very risky assets’ and banks should consider risks before including it in their portfolio. The
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