January 31, 2023

The official who called Bitcoin “the devilish spawn” will be responsible for the trends of the cryptocurrency market in Europe

Benua Kere, Member of the Board of the European Central Bank, will head an innovative hub on January 15, 2020 at the Bank for International Settlements.

According to a press release, Kere will study “critical trends in the technology industry that affect central banks.”

Benoit Kere himself, whose powers on the ECB's board expire on December 31, said he was ready to share his experience "during the time of rapid technological transformation."

“I am very happy to join the BMR. “We must make the best use of innovation to support financial stability and increase access to financial services.” - he noted.

Innovation Hub at the Bank of InternationalSettlement was established in June to establish cooperation between global central banks on innovative financial technologies. In particular, he studies the digital currencies of central banks, stablecoins and other advanced payment methods.

Recall that in March 2018, Benoit Kere saw inThe growing popularity of Bitcoin is evidence that the traditional banking system has failed to provide a working solution for international transfers.

However, already in November of that year, he called Bitcoin "the devilish spawn of the financial crisis."